Video-on-demand hardware provider N2 Broadband this week was expected to receive $10 million from Highland Capital Partners and AOL Time Warner Ventures. N2's relationships with Cablevision, Comcast, Cox and Time Warner Cable makes it an attractive investment, says Dan Nova, the Highland general partner who led the deal.
In the last five years, the number of blacks who are cable subscribers has grown by 15%, and the number of Hispanics who get cable has grown 14% , finds a study by the Cabletelevision Advertising Bureau. Nearly 75% of black households and 62% of Hispanic homes now get cable TV, compared with an overall penetration rate of more than 78%.
NBC can buy up to 32% of Paxson Communications, but its purchase of Telemundo could prevent its deal with Pax from going forward, Pax Chairman Bud Paxson has said. The easing of media ownership regulations may make Pax an attractive target for other media outlets, analysts say.
In HBO's "Monica in Black and White," the former White House intern answers candid questions from an audience of network staff and professors and students of American history, law, psychology and women's studies. Lewinsky reportedly had hoped to clear her name with the program but is not entirely pleased with the final result, reports say.
Seven cable series are scheduled to kick off new seasons this weekend, including HBO's "Sex and the City," Sci Fi's "The Chronicle" and Lifetime's "The Division." January is widely seen as a good time to launch series because new programming on commercial broadcast networks is sparse.