Deals: That
Hulu auction isn't over yet as the deadline has been extended to the end of the week for, among others,
Amazon,
DIRECTV,
Google and
Yahoo. Meanwhile,
BTIG analyst
Richard Greenfield picks Google as the "most compelling" potential buyer,
here. --- Interesting take on the
Tennis Channel/NCTC deal as
SNL Kagan notes that
Cablevision, which had previously joined the NCTC to take advantage of an agreement putting TC on sports tiers, is now faced with a new contract requiring that Tennis be carried on "widely penetrated levels of service." ---
Wave Broadband and
WOW! plan to purchase substantially all the assets of
Broadstripe, LCC, a provider of residential and commercial bundled communications services. Broadstripe, which filed for Chapter 11 bankruptcy protection in January 2009, operates in Maryland, Michigan, Oregon, and Washington.
Quarterly Reports:
TiVo closed 2Q11 with revenues of $49.6M, above guidance and up 18% y/y. The company saw a net loss of $19.6M, which also beat guidance. CEO
Tom Rogers cited "the deals we have signed over the past years as a source of growth (which) are now delivering a substantial number of subscribers" as a key growth driver. In trading this morning, TiVo shares saw more than 6.7M shares changing hands vs a 30 day average of 3.3M. Despite the markets' down day, the stock closed up
16.87% at $9.49.
Retrans: Retransmission negotiations between
LIN TV and
Mediacom have the broadcaster warning Mediacom customers that
Fox affiliate
WALA-TV and
CW affiliate
WFNA-TV could go dark on Wednesday, Aug. 31 at 5 p.m. (See map.)
Rules & Regs: The
FCC has asked
AT&T for more info on its planned 4G LTE build out via the
T-Mobile buy.
In Court: September 9 is D- Day for
Samsung
as the Duesseldorf regional court will decide whether to uphold a ban
on Samsung's Galaxy Tab 10.1 tablet in the EU. The sales ban, which is
currently not enforced outside of Germany, results from a patent suit
brought by
Apple.
$$$:
Virgin Media
announced its repurchase of 213,300 shares yesterday in a price range
from $23.88 to $24.44/share. The repurchased shares will be cancelled.
More News in The Morning BRIDGE ... early tomorrow in your in-box.•
