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Comcast Buys Out Microsoft

Comcast Corp. (Nasdaq: CMCSA, CMCSK) takes the lead in this week's cable news race.

  • Comcast is buying Microsoft Corp. (Nasdaq: MSFT)'s stake in MSNBC.com, which has renamed itself NBCNEWS.com. Comcast is paying US$300 million for the stake, according to The New York Times.

  • Satellite TV company Sky , which already provides its services to more than 10 million British homes, is to take on Netflix Inc. (Nasdaq: NFLX) and LOVEFiLM International Ltd. with a new online service called Now TV, which is set to launch July 17, reports The Guardian. Netflix launched in the U.K. in January. (See Netflix Launches in UK & Ireland.)

  • Millicom International Cellular SA (Nasdaq: MICC) , better known as a developing markets mobile services specialist, is acquiring Cablevisión Paraguay for $150 million. (See Millicom to Buy Cablevisión Paraguay.)

  • Pace plc announced on Monday that it is supplying the technology and services for Sky New Zealand's and TVNZ's new TV service, called Igloo. The service will run Pace's Elements software platform on a DVB-T2 digital terrestrial television (DTT) hybrid IP set-top box to deliver digital TV and video-on-demand (VoD) offerings in the country.

  • A federal court has upheld the Federal Communications Commission (FCC) decision, announced last fall, to apply Universal Service Fund monies to broadband.

  • Parts of rural Australia aren't going to get the broadband they expected under the National Broadband Network, it turns out.

  • DirecTV Group Inc. (NYSE: DTV) minus Viacom Inc. (NYSE: VIA) equals one big win for Walt Disney Co. (NYSE: DIS), at least according to one analysis.

  • NBC Universal is using the London Olympics as a massive stage for TV Everywhere -- putting coverage on just about every device and building the authentication platforms to make it all work.

  • Subsea network operators such as Level 3 Communications Inc. (NYSE: LVLT) and Southern Cross Cables Ltd. are voicing their opposition to the Federal Communications Commission (FCC) 's proposal to impose a 15.7 percent tax on their operations, reports Commsday. If imposed, the operators would have to renegotiate hundreds of contracts, they argue. The FCC is taking comments on the proposal until Aug. 6.

    — The Staff, Light Reading

  • AESerm 12/5/2012 | 5:27:38 PM
    re: Comcast Buys Out Microsoft

    Two days late and a $ short on this post, but thinking someone could write a short, sad and sweet book about Microsoft and the cable industry: from the $1b investment in Comcast to Paul Allen and Charter to middleware software to this revision to MSNBC, a brand that certainly lasted longer than AOL-Time Warner but just may have never caught on with most Americans. 

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