Rovi today announced that it will be acquiring TiVo in a deal valued at approximately $1.1 billion, with $277 million being paid in cash and the remaining balance to be paid in stock. The new company will take on the TiVo name and brand, and Rovi CEO Tom Carson will take over. The deal is expected to be completed in the third quarter.
National Geographic on Thursday announced that it has ordered "Genius" from Fox 21 TV Studios, OddLot, Imagine TV and EUE/Sokolow. The global anthology, which focuses on innovators from around the world, will be the network's first scripted series, and its first episode will be directed by Ron Howard. It is slated to debut in 171 countries and 45 languages next spring.
National Association of Broadcasters President Gordon Smith spoke out about former Sen. Conrad Burns, R-Mont., following Burns' death Thursday. Smith and Burns, who also was a broadcaster, served together in the Senate. "NAB and the farm broadcasting community will miss this common-sense lawmaker and man of good humor," Smith said.
Time Warner Cable, in what could be the company's last earnings report, showed significant gains in revenue and subscribers in the first quarter. The company added 21,000 video subs, 236,000 residential customers and 314,000 high-speed Internet subscribers just ahead of its acquisition by Charter Communications. "I think we have many more similarities with Charter than differences now. I think they'll be very pleased with our momentum," said Chief Operating Officer Dinni Jain.
Federal Communications Commission Chairman Tom Wheeler recently praised Comcast's announced Samsung Smart TV set-top-box functionality, stating that it is in "accord" with the FCC's set-top-box proposal. In a response statement, Comcast noted that the FCC's government-mandated box proposal is far different, saying the "approach not only exceeds the FCC's rulemaking authority, but also -- in stark contrast to the apps approach -- it creates numerous harms."
Consumers who stream content during at least 20% of their TV viewing time believe broadcast networks are a necessity, Horowitz Research has found. Seventy-one percent of respondents said that broadcast content is one of the most valuable features of over-the-top services. "Broadcast is alive, well, and continues to deliver value in today's fragmented ecosystem," said President Howard Horowitz.
CNN has debuted CNN Politics, a mobile app that compiles presidential election information. The app, which is available on iOS, tracks polls, primary results, fundraising and other key election information. CNN partnered with CA Technologies to create the app.
Juniper Networks conceded Thursday that slow telecom and cable operator spending weighed on first-quarter results, saying some expected orders were delayed. "The telco space is just a little bit complicated right now as they evolve their architectures," CEO Rami Rahim said.
Alaska and Louisiana are poised to eliminate legal barriers to allowing out-of-state telemedicine providers to operate within their borders. They are the last to eliminate restrictions such as requiring that telemedicine providers have medical offices in the state.
AT&T is looking to boost subscription rates to its DIRECTV television service by targeting football fans. The company announced that as of the coming NFL season, DIRECTV customers who subscribe to its NFL Sunday Ticket package will be able to access live streaming of all games without subscribing to additional service upgrades.
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