IPTV and advance media services firms Auroras Ent and Broadstream Comm have agreed to merge, pending shareholder approval. The name of the combined entity will be Avail Media, for which current Broadstream CEO Ramu Potarazu will serve in the same capacity. Auroras CEO Diane Smith will become pres. The merger is expected to close early next year. — Liberty Media announced a cash payment of $162.62/bond to holders of its 3.5% Senior Exchangeable Debentures due in ’31. The distribution is expected to be made on Jan 10 to holders of record on Dec 26. — Vivendi has decided not to exercise its exit rights in Jan with respect to NBCU and will remain a 20% stakeholder in the media co. Through modified agreements between Vivendi and NBCU parent GE, Vivendi may now exercise its right to demand an NBCU IPO in Nov each year from ’07-’16, and GE’s right to call Vivendi’s interest may be exercised each year from ’11-’17.

The Daily

Subscribe
Friday–October 15

Fubo in Driver’s Seat

Fubo Sportsbook struck a partnership with NASCAR to become an authorized gaming operator. The pair will

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Oct 29
Cablefax Regional Rainmakers Awards
Dec 7
Most Powerful Women Celebration Register to Join Us in NYC to Celebrate!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.