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FCC fines Viacom, ESPN USD 1.4 mln for misusing EAS tones
2015-01-20 20:47:00| Telecompaper Headlines
(Telecompaper) The Federal Communications Commission (FCC) has fined Viacom and ESPN USD 1.4 million for misusing the Emergency Alert System (EAS) warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie "Olympus Has Fallen," which portrayed a terrorist attack on Washington DC. Broadcast or transmission of these tones outside an emergency or test violates the FCC's laws protecting the integrity of the system.
AT&T to take USD 10 bln in charges in Q4
2015-01-19 09:01:00| Telecompaper Headlines
(Telecompaper) AT&T announced that it will record a one-time, non-cash charge of around USD 7.9 billion before tax for the fourth quarter of 2014. The charge is due to actuarial gains and losses on pension and post-employment benefit plans. At year-end, the company decreased its assumed discount rates used to measure its pension obligation to 4.3 percent and to 4.2 percent for the post-retirement obligation. These reductions resulted in an actuarial loss of approximately USD 7.9 billion. Also contributing to the amount were losses due to updated mortality assumptions offset by asset gains in excess of the assumed rate of return as well as demographic changes and other assumptions. The Q4 operating results will also include a USD 2.1 billion non-cash charge for the abandonment in place of certain network assets. During the quarter, an analysis of network assets determined that specific copper assets will not be necessary to support future network activity, due to declining customer demand for legacy voice and data products and the migration to next-generation technology.
Box to raise up to USD 187 mln in IPO
2015-01-12 09:20:00| Telecompaper Headlines
(Telecompaper) Cloud storage provider Box is moving ahead with its IPO plans. The company said it plans to sell 12.5 million shares for USD 11-13 each. With an over-allotment option to sell another 1.875 million shares, Box could raise a maximum USD 186.9 million. The shares will be listed on the New York Stock Exchange. The company said it plans to use the proceeds of the offering for general corporate purposes, including working capital, operating expenses and capital expenditures. According to its most recent figures, Box generated a net loss of USD 129 million in the nine months to October, on revenues of USD 154 million.
Dish launches OTT service Sling TV for USD 20/month
2015-01-06 08:40:00| Telecompaper Headlines
(Telecompaper) US pay-TV operator Dish Network has announced a new over-the-top service called Sling TV. Launching nationwide in the first quarter, Sling TV will offer live TV channels, video-on-demand entertainment and online video to broadband-connected devices at home and on the go. Priced at USD 20 per month, the service will require no commitment, contract, credit check or hardware installation, Dish said. The basic package will include 12 live channels: ESPN, ESPN2, TNT, TBS, Food Network, HGTV, Travel Channel, Adult Swim, Cartoon Network, Disney Channel, ABC Family and CNN. This package also comes with a range of video-on-demand content and what Dish calls "the best of online video", including unique content from Maker Studios. For another USD 5 per month, customers can add a Kids package with the channels Disney Junior, Disney XD, Boomerang, Baby TV and Duck TV, or a News & Info Extra add-on with HLN, Cooking Channel, DIY and Bloomberg TV. A Sports Extra package will be added soon as well. Sling TV is an IP-based system delivered over an app to devices. The service will work on a range of third-party devices, including Amazon Fire TV, Google's Nexus Player, select LG Smart TVs, Roku players, Roku TV models, select Samsung smart TVs, Xbox One, iOS, Android, Mac and PC. Sling TV expects to announce its availability on additional streaming devices and smart TVs in the coming months, as well as add more content to the service.
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RPX buys Rockstar patents for USD 900 mln
2014-12-24 09:11:00| Telecompaper Headlines
(Telecompaper) RPX said it has agreed to acquire the patents controlled by patent consortium Rockstar, for an undisclosed price. The Wall Street Journal said the purchase of the 4,000 patents will cost USD 900 million. Rockstar was formed in 2011 by Apple, Blackberry, Ericsson, Microsoft and Sony for the purpose of buying the 6,000 patents from the Nortel bankruptcy estate. Around 2,000 of the patents have already been distributed to various Rockstar owners. Upon closing, subject to regulatory approval and other customary conditions, RPX will receive license payments from a syndicate of over 30 companies, including Cisco and Google. Syndicate participants will receive non-exclusive licenses to the Rockstar patents, and RPX Clearinghouse will make the patents available for license to all other interested companies under fair, reasonable, and non-discriminatory (FRAND) terms. The RPX Clearinghouse syndicate includes a broad range of software and media providers, semi-conductor manufacturers, wireless carriers and wireline network operators, and original equipment manufacturers. Cisco said it developed a licensing model with RPX giving license access to those who chose not to join the RPX Clearinghouse syndicate. Google also helped develop the model while Microsoft and Apple worked with other Rockstar members Blackberry, Ericsson and Sony to reach consensus.
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