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Posts Tagged ‘DirecTV’

Morning Media Newsfeed: BBC News to Cut 500 | Networks Book Clinton

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BBC News Division to Cut 500 Jobs (Forbes)
BBC News is preparing to announce 500 more job losses, as part of its ongoing cost-cutting program, and that industrial action could well follow. The Guardian Up to 600 job losses are expected to be confirmed in BBC News, with around 80 posts going in BBC Radio, with full details of the cuts expected to be announced next month. Politico / Dylan Byers on Media The cuts, which will be phased in over a two-year period, will reduce BBC’s staff of 8,000 by roughly 6 percent. The Telegraph It currently employs around 5,400 journalists, all of whom are expected to be assessed under an appraisal system throughout this year. James Harding, director of news and current affairs, has already warned staff the BBC is only half way through its cost-cutting drive, with 14 percent of its budget having to be reduced by 2017. HuffPost In February 2013, BBC journalists went on strike to protest job cuts, which, at the time, were rumored to be around 2,000 lost positions in years ahead. Just last month, the BBC offered a 1 percent pay increase to employees earning less than £50,000 — or around $68,000. The small pay raise was blasted by trade unions, calling it “completely unacceptable” and blaming the company’s poor leadership for the cost cuts. BBC employees have reacted similarly to the stirring rumors of the layoffs ahead.

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Morning Media Newsfeed: YouTube to Acquire Twitch | Abramson Speaks | Pilhofer to Guardian

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YouTubeTwitch

YouTube to Acquire Videogame-Streaming Service Twitch for $1 Billion (Variety)
Google’s YouTube has reached a deal to buy Twitch, a popular videogame-streaming company, for more than $1 billion, according to sources familiar with the pact. If completed the acquisition would be the most significant in the history of YouTube, which Google acquired in 2006 for $1.65 billion. The impending acquisition comes after longtime Google ad exec Susan Wojcicki was named CEO of YouTube earlier this year. SocialTimes As more consumers cut the cord in search of alternative forms of entertainment, Twitch has experienced impressive growth. In 2013, the service had more unique monthly users than Netflix and Hulu, and it jumped into the top 15 online services recently, passing HBO Go in terms of bandwidth. Mashable More than 1 million gamers broadcast on Twitch each month through Xbox One, PlayStation 4 and their computers; more than 45 million people log on to watch each month. Since its founding in 2011, Twitch has raised more than $35 million in funding. And let’s not forget Twitch Plays Pokémon earlier this year, which was possibly one of the most popular open source gaming experiences ever. GigaOM The Twitch acquisition could help YouTube finally get a foothold in the live video space. Live video has been a complicated subject for YouTube. The video service started to dabble with live streaming all the way back in 2010. In reality, live still doesn’t get big enough audiences to warrant high ad prices, and the fragmented nature of live streaming on YouTube hasn’t made it easier to win over big brands. Twitch has been the one notable exception to this move away from ad-supported live streaming.

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Morning Media Newsfeed: AT&T to Acquire DirecTV | NYT Publisher Speaks | CNN Fires Editor

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AT&T to Buy DirecTV for $48.5 Billion (NYT / DealBook)
AT&T formally agreed on Sunday to buy DirecTV for about $48.5 billion, striking another transaction meant to overhaul the American telecommunications landscape. CNNMoney The boards of the two companies met on Sunday to approve the plan. “This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens — mobile devices, TVs, laptops, cars and even airplanes,” said Randall Stephenson, the chief executive of AT&T, in a statement. WSJ Just months ago, Comcast Corp. announced a $45 billion agreement to buy Time Warner Cable, a combination that would serve close to 30 million video subscribers, after proposed divestitures. Meanwhile, Sprint Corp. continues to work on a bid for smaller rival T-Mobile US Inc., people familiar with the matter say. The deal for DirecTV gives AT&T almost 26 million pay TV subscribers and a national footprint in the business at a time when the telecom carrier sees video delivery as core to its future. The Associated Press Dallas-based AT&T’s proposed combination could improve its Internet service by pushing its existing U-verse TV subscribers into video over satellite service, and thereby free up bandwidth on its telecommunications network. AT&T currently offers a high-speed Internet plan in a bundle with DirecTV television service. The acquisition would help it further reap the benefits of that alliance. DirecTV would continue to be based in El Segundo, Calif., following the merger. The companies expect the deal to close within 12 months following a government review.

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Morning Media Newsfeed: AT&T Advances DirecTV Talks | AP Expands | BuzzFeed President Out

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AT&T Said to Be in Talks to Buy DirecTV for About $50 Billion (Bloomberg)
AT&T Inc. is in advanced talks to acquire DirecTV, the largest U.S. satellite-TV provider, for about $100 per share, according to people familiar with the matter. WSJ A takeover of DirecTV could put a value of nearly $50 billion on the satellite-television provider. The two sides are discussing a deal that would involve a mix of cash and AT&T stock, the people said. Dallas-based AT&T would likely pay a premium to DirecTV’s share price Monday, one of the people said. An agreement could be reached in two weeks if not sooner, according to the people. GigaOM AT&T’s plan is to turn the satellite company into an AT&T unit, and keep management on board to run that unit, with plans for DirecTV’s chief executive Mike White to retire in 2016. The acquisition report, which neither company is commenting on, comes after three months after Comcast announced that it was going to acquire Time Warner Cable in a $45 billion deal. Variety Analysts have speculated that AT&T could migrate its 5.7 million U-verse TV subscribers to DirecTV’s satellite-delivered service, freeing up bandwidth in its terrestrial data networks. With 26 million pay-TV subscribers, AT&T also would gain leverage in programming negotiations on part with a merged Comcast-TWC. Reuters DirecTV shares rose 6 percent to $92.50 in extended trading on Monday.

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Morning Media Newsfeed: NBC Secures Olympics | AOL Earnings Fall Flat | Horowitz to Today

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NBC Secures Olympics Through 2032 (TVSpy)
NBCUniversal has acquired the rights to the Olympic Games through 2032. The new deal, valued at $7.65 billion, is the longest U.S. Olympic sports rights agreement in history. TVNewser NBC adds to the three Olympics it secured in an earlier deal: 2016 in Rio, 2018 in Pyeongchang and 2020 in Tokyo, with six more Summer and Winter Olympics through 2032, the host cities of which have not yet been selected. Adweek The deal comes as a major surprise on the week before the broadcast upfront presentations, as rival media outlets appeared to have been altogether unaware that negotiations were in the works. In fact, several sources confirmed that no other networks were so much as invited to bid for the package. This was by design, said IOC president Thomas Bach. Reuters The IOC did not approach ESPN, a network spokesman said, and neither were Fox nor CBS. The agreement includes media rights across broadcast television, cable TV, Internet and mobile platforms. NBC and rival networks have been stocking up on live sports content, which are popular with advertisers because large audiences watch in real-time and do not skip the TV commercials. Mashable NBC has become a player in the live sports industry in recent years, signing deals for the U.S. rights to the English Premier League, the National Hockey League and Sunday night NFL games. The Olympics are an expensive property, but NBC claims that it has been able to turn a profit on them. The price tag for the most recent deal is $1.4 billion more than the previous one.

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Morning Media Newsfeed: Murdoch Ups Sons | Twitter Ban Overturned | NYT Adds Digital Subs

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Rupert Murdoch Elevates Eldest Son to Be His News Corp. Co-Chairman (The Guardian / Greenslade Blog)
Rupert Murdoch’s eldest son, Lachlan, has been promoted to the role of non-executive co-chairman on the News Corp. board. It means that the two will work alongside each other. Rupert, the executive chairman, described the appointment as “recognition of Lachlan’s entrepreneurial leadership and passion for news, digital media and sport.” TVNewser Lachlan has been named non-executive chairman at both News Corp. and 21st Century Fox. The 42-year-old has been a director of both companies, but effectively left the media empire in 2005 where he had been deputy chief operating officer directly responsible for News Corp.’s U.S. television stations group and publishing assets. After Lachlan left News Corp., Roger Ailes, the co-founder and chairman of Fox News Channel, was named chairman of News Corp.’s (now 21st Century Fox’s) television stations group. FishbowlNY The promotion means that Lachlan is all but guaranteed to take over News Corp. when Rupert steps down. In the past, it was believed that James Murdoch was the heir apparent, but no more. James was promoted as well — to co-chief operating officer at 21st Century Fox. Financial Times James’ elevation comes two years after he was embroiled in the U.K. phone hacking scandal as the former head of News Corp.’s U.K. newspaper business. His new position gives him a more central executive role at one of America’s most global media companies, in contrast to Lachlan’s non-executive position, keeping him in contention in a succession race that has seen numerous twists. James will share his new title with Chase Carey, a trusted adviser and second-in-command to Rupert, to whom he had reported in his previous role as deputy chief operating officer. Reuters Each son has at various times been seen as heir apparent, and it is unclear how well they will work together when Murdoch finally hands over the companies. The Murdoch family controls both Fox and News Corp. through a trust that has a 38 percent ownership stake of Class B shares with voting rights. A source familiar with the companies said that the plan to elevate Lachlan and James had been in the works for a while and that a tussle over control would be unlikely.

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Cox Communications, TW SportsNet Agree to Deal

You can cross Cox Communications off the list as the cable provider have agreed to terms with Time Warner Cable to carry SportsNet and Time Warner Cable Deportes.

“Time Warner Cable SportsNet and Time Warner Cable Deportes and Cox Communications have agreed to terms,” the networked announced in a statement on Sunday night. “Launch details will be announced shortly.”

That leaves just DirecTV and Dish as the two lone holdouts. Considering DirecTV still hasn’t signed up for Pac-12 Networks, it makes you wonder how long this standoff will last.

Based on the 1-3 Los Angeles Lakers record, fans aren’t missing anything as of yet.

 

DirecTV Flubs Spice Girls Reunion

DirecTV customers in Los Angeles that were anxiously awaiting Sunday’s Spice Girls reunion in HD from the Olympic closing ceremonies were left disappointed when NBC’s signal was disrupted.

“We are looking into the cause and what we can do for customers who missed part of the closing ceremony,” DirecTV said in a statement.

Following a 30-minute outage, service was restored — after the Spice Girls reunion.

The closing ceremonies aired a second time early Monday morning on NBC.

How about free NFL Sunday Ticket to make up for the outage, DirecTV? No?

It was worth a shot.

Tribune Reaches a New Deal with DirecTV

A four-day blackout has come to an end as the Tribune Co. and DirecTV have reached a new deal on retransmission consent fees. For local DirecTV customers, this means the return of KTLA and CW programming.

The previous deal between the two sides expired on March 31 and as a result, 23 Tribune Stations across the country and WGN America were pulled from the satellite provider.

“We are extremely pleased to have reached an agreement with DirecTV and to return our valuable news, entertainment and sports programming to DirecTV subscribers,” Nils Larsen, Tribune Broadcasting president, said in a statement. “On behalf of Tribune Broadcasting, I want to thank viewers across all of our markets for their support, understanding and patience during the negotiating process—we truly regret the service interruptions of the last several days.”

DirecTV Expanding El Segundo Headquarters

Satellite company DirecTV plans on doubling the size of their El Segundo headquarters, thanks to a new 15-plus year agreement with Kilroy Realty Corporation.

DirecTV currently leases 330,000 square feet of property on East Imperial Highway. Under the new agreement, Kilroy will rent 630,000 square feet to DirecTV with a potential expansion of up to 720,000 square feet.

“This transaction demonstrates the quality of our West Coast real estate portfolio and our organization’s ability to create a unique and compelling office environment for dynamic and expanding tenants,” said John Kilroy, Jr., president and chief executive officer of Kilroy Realty Corporation.

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