Category: eglhrcyqtsuv

Anorthosis sent packing by Albanian side KF Laçi updated

first_imgAnorthosis were surprisingly bundled out of the Europa League by KF Laçi as they lost by 1-0 with the Albanian team going through on the away goal rule as the first game in Larnaca ended 2-1 in favour of the Famagusta team.In the first half Laci were more than happy to sit back and allow Anorthosis to control play but all the Famagusta team could manage was one tame effort on goal that was comfortably saved by Laci’s goalkeeper Selmani.With the restart Laci began to push players forwarded in search of the goal that would send them through to the next round with their first chance falling to Uzuni, but Anorthosis’ goalkeeper Felgueiras saved well.The same player though made no mistake as he found the net two minutes from time, sending the unfancied Albanians through to the next round.There was better news for Apollon, who were also in action later on Thursday night. The Limassol club trailed Lithuanian side Stumbras 1-0 from the first leg last, week but two goals overturned the deficit as they went through 2-1 on aggregate.You May LikeThe Moderated MediaAll Sides, All the Time. News, Analysis and Opinion from the Left and Right— The Moderated MediaThe Moderated MediaUndoDoctor SymptomCan You Guess Which Food Is Healthier? – Doctor SymptomDoctor SymptomUndoMarlins PlaceUse your imagination and decorate this classic wooden block set for the mom-to-be and the kids!Marlins PlaceUndo Brazil prison riot kills 52, with 16 decapitatedUndoFour dead in California garlic festival shootingUndoVerstappen wins crazy German Grand PrixUndoby Taboolaby Taboolalast_img read more

Glenn announces aid for housing in Auburn

first_img26Jan Glenn announces aid for housing in Auburn Categories: Glenn News State approves tax credit for local apartment developmentAuburn Square Apartments has been awarded an annual $146,188 housing tax credit to assist with upgrading and enhancements to preserve the 24-unit complex as affordable housing.The Low Income Housing Tax Credit (LIHTC) was awarded from the Michigan State Housing Development Authority and will leverage about $1.5 million of private money investment, said state Rep. Gary Glenn, R-Midland.“This project at Auburn Square Apartments is a win-win for local residents and property owners,” said City of Auburn Mayor Lee Kilbourn. “It helps show that the City of Auburn is open for business and looking out for all of its residents.”The LIHTC program uses public-private partnerships between the federal government, state allocating agencies and private sector developers to assist financing new construction and existing structure preservation projects that will spur community investment, create jobs and provide affordable housing.“Providing safe, secure and affordable housing options is important for the strength of our communities,” Glenn said. “Helping people keep a roof over their heads while still keeping some money in their budget helps families succeed.“I commend City of Auburn officials, the developers and the financing partners for pursuing this low-income funding assistance to help make this investment in the community possible.”#####last_img read more

Rep VerHeulen Budget panel votes to boost funding for veterans courts

first_img Categories: VerHeulen News More funding will be available for veterans courts under a budget approved today by a Michigan House subcommittee, state Rep. Rob VerHeulen announced.The judiciary budget bill includes an additional $436,000 for specialty courts aimed at treating military veterans and active-duty personnel, bringing total funding to $936,000.“Members of the military put themselves in harm’s way to protect our country, and the sacrifices made by these men and women don’t stop when they take off their uniforms. Veterans often are left with a variety of issues, which at times lead to trouble with the law,” said VerHeulen, of Walker. “We owe it to our veterans to ensure they get the treatment they deserve. Veterans courts offer programs tailored to the unique needs of military personnel to help them heal and reduce the chances that they will reoffend in the future.”The budget also preserves funding for other problem-solving courts, funding mental health courts with $5.5 million and drug treatment courts with $11.8 million.According to the State Court Administrative Office, graduates of the state’s 185 drug, sobriety, mental health and veterans courts are two- to three-times less likely to reoffend, and such programs have reduced participant unemployment by 74 percent.“Overall, I’m pleased with this budget,” VerHeulen said. “It’s a fiscally sound spending plan that properly funds Michigan’s judicial system.”The judiciary budget now moves to the House Appropriations Committee for consideration.### 29Mar Rep. VerHeulen: Budget panel votes to boost funding for veterans courtslast_img read more

Michigan House committee OKs plan to close tax loophole for outofstate homeowners

first_img Legislation to prevent out-of-state residents from unfairly taking advantage of property tax exemptions when they buy second homes in Michigan was unanimously approved today by the House Tax Policy Committee.The bills are sponsored by state Reps. Dave Pagel of Berrien Springs and Kim LaSata of Bainbridge Township. The issue is key in the southwest part of the state near Lake Michigan, where many out-of-state residents buy second homes.Some property owners intentionally declare a homestead property tax exemption on their second home in Michigan, while at the same time claiming a similar exemption on their primary residence in another state. This practice, which improperly reduces the amount of taxes collected for schools and local governments, should not be allowed for any amount of time under Michigan law.“When out-of-state residents improperly claim this second exemption, it takes money away from our schools and community services,” LaSata said. “This practice must stop.”The new legislation would clarify and close loopholes in Michigan law. If a property owner has claimed a principal residence exemption in Michigan while claiming a similar exemption in another state, the Michigan exemption would be rescinded.A claim for a Michigan homestead tax exemption could be denied and enforced retroactively if it is discovered the property owner had claimed a similar exemption in another state.Intentional violators could face a misdemeanor criminal charge.LaSata and Pagel said they welcome out-of-state property owners who want to buy homes in Michigan, but emphasized tax laws should be followed fairly and consistently.“This legislation is needed to end an unfair practice that hurts our communities financially,” Pagel said. “Too many homeowners are using this loophole and not facing any consequences, even after they are caught.”###The legislation: House Bills 4335-6. Categories: LaSata News,News,Pagel News 17May Michigan House committee OKs plan to close tax loophole for out-of-state homeownerslast_img read more

Rep Farrington mutilation ban bill signed into law

first_img Categories: Farrington News,News State Rep. Diana Farrington’s legislation criminalizing the transportation of another person for the purpose of a female genital mutilation was signed into law today by Gov. Rick Snyder.“These bills are about protecting young girls,” said Farrington, of Utica. “Anyone who victimizes children in this way must be punished severely, whether it’s incarceration or financial damages, because there’s no need for this procedure. That’s why we’ve included language that will not allow a customary belief or parental consent to be used to justify the mutilation.”Farrington’s bill is part of an eight-bill bipartisan legislative package that prohibits the act, sets sentencing guidelines, improves educational programs for health and law enforcement officials, and extends the civil and criminal statute of limitations for victims.The legislation follows a February incident where two young girls from Minnesota were subjected to the procedure at a southeast Michigan clinic. A Livonia couple was arrested on federal charges in April after allowing and performing the procedure after hours at their medical clinic, while a third individual has been fired from their emergency room doctor position for performing the procedure at the same Livonia clinic.Farrington’s bill joined in partner legislation in swiftly being approved by the House and Senate chamber, moving through committee and full membership votes in two weeks before today’s ceremony. House Bill 4637 has become Public Act 69 of 2017.It is Farrington’s first law as a state representative.“Children must be protected and this will make certain that protection can extend beyond our state, that is the ultimate goal of today’s signature,” Farrington said. “While I’m pleased to have a law on the books, what’s more important is that this package of bills works together to eliminate this procedure from Michigan by making it so prohibitive for everyone involved.”##### 11Jul Rep. Farrington mutilation ban bill signed into lawlast_img read more

Rep Alexander hosts local office hours in September

first_img State Rep. Julie Alexander announced her monthly in-district office hours, emphasizing the importance of understanding the concerns of the community.“The insight I receive from residents is the most important tool I have when representing the Jackson area in Lansing,” Rep. Alexander said. “I encourage anyone with questions or ideas about their state government to join me for coffee and conversation.”Rep. Alexander’s office hours will take place at the Jackson County Tower Building, 120 W. Michigan Ave. in Jackson the following dates and times:Friday, Sept. 1 from 3:30 to 4:30 p.m.;Monday, Sept. 18 from 12:30 a.m. to 1:30 p.m.;Monday, Sept. 25 from 1:30 to 2:30 p.m.; andFriday, Sept. 29 from 11:30 a.m. to 12:30 p.m.Rep. Alexander will also sponsor a special Milk Break meeting at the Parma Cafe, 110 W. Main St. in Parma on Friday, Sept. 8 from 10:30 to 11:30 a.m.No appointments are necessary. Those unable to attend may contact Rep. Alexander at 517-373-1795 or via email at JulieAlexander@house.mi.gov. Categories: Alexander News 23Aug Rep. Alexander hosts local office hours in Septemberlast_img read more

Rep Iden 2017 improved business climate quality of life for Kalamazoo County

first_img Categories: Iden News,News 28Dec Rep. Iden: 2017 improved business climate, quality of life for Kalamazoo County In 2017, I supported many policies at your state Capitol to improve lives throughout our county and all across Michigan.I voted for a state budget that keeps government accountable for all tax dollars and invests in priorities important to families. The budget – covering a fiscal year that began on October 1st, 2017 — includes record funding for K-12 schools, additional funding for at-risk students, increased funds for much needed road repairs, and a $700,000 amendment which I sponsored to fight opioid abuse in Kalamazoo County through a program administered by Kalamazoo Community Mental Health. The program could have a widespread impact across the state on efforts to help control the opioid epidemic that is gripping many of our communities.As chair of the House Regulatory Reform Committee, I am focused on improving Michigan’s business climate without compromising public safety. Our committee advanced legislation to reduce bureaucracy for thousands of businesses. Michigan’s economic comeback continues as we eliminate unnecessary regulations and keep supporting our job seekers.All of these measures are designed to continue to move Michigan forward. This year, we have increased funding for skilled trade programs, such as welders, mechanics, electricians, builders, technicians and others. The House also recently passed legislation to expand professional skills instruction in high schools, making students more aware of potential career opportunities at an earlier age. This is a critical step in addressing the shortage in our workforce. Excitingly, this year Michigan featured its lowest unemployment rate in 17 years!I was the primary sponsor of critical legislation impacting our infrastructure that was signed into law by Gov. Rick Snyder in 2017. Public Act 132 of 2017 helps expand the state’s efforts to boost cybersecurity efforts by allowing volunteers – working through a state program — to provide cyber-defense services to nonprofits, private businesses, educational organizations and other private and governmental entities. Public Act 133 of 2017 focuses on energy savings and efficiency by allowing community colleges to finance energy conservation and operational improvements through the use of lease-purchase agreements.I am proud that it has been another successful year in Lansing and I look forward to representing our community into the new year.Your input is crucial to shaping legislation in Lansing. My office may be reached by calling 517-373-1774 or via email at BrandtIden@house.mi.gov.####(Rep. Brandt Iden of Oshtemo represents the 61st District in the Michigan House.)last_img read more

Rep Inman votes to make Michigan safer

first_img Categories: Inman News,News Bipartisan bill package in response to Nassar scandal approved by HouseState Rep. Larry Inman, of Traverse City, today issued the following statement after the state House approved a bipartisan plan to strengthen Michigan’s response to criminal sexual conduct:“This plan will make it virtually impossible for any kind of sexual predator to exist in Michigan. The Larry Nassar scandal and the #MeToo movement have brought the seriousness of this issue to the attention of the wider public. It is important to us as a state to respond to these issues quickly and appropriately, which these bills do, by addressing the crime of sexual assault wherever it may be. One in six women will face some type of sexual assault in their lives. My votes today will make everyone, both men and women, safer in their homes, as well as at our local college campuses, communities, schools and even doctor’s offices.“This plan goes after the awful monsters who commit sexual assault, gives victims many avenues to get help and makes our state stronger as a whole. That is why every single one of the bills we voted on today got my vote.”##### 25May Rep. Inman votes to make Michigan saferlast_img read more

House approves Rep Howells plan to update rules for school buses

first_img Categories: Howell News,News Measure increases safety for kids on school buses and the motoring publicThe Michigan House of Representatives has approved legislation introduced by state Rep. Gary Howell to ensure safety of all drivers by allowing school buses to use hazard lights on four-lane highways that have a speed limit of 50 mph.Due to recent revisions to the state’s speed limit law, many roads that were previously 45 mph have been increased to 50 mph. With the increase in speed limits, buses can no longer turn on hazard lights and must stop traffic regardless of how far they pull off the road.“This plan allows buses to continue to allow traffic to move smoothly and maintain existing practices on Michigan roads,” said Howell, of North Branch.  “Making sure these hazard lights are being used at 50 mph will increase safety for kids on school buses and the motoring public.”Howell said this plan ensures that the law pertaining to the transportation of students is up to date. There are other various technical updates to the Pupil Transportation Act. Buses will continue to be able to move to the far right hand side of the road and allow the flow of traffic to continue when picking up, or dropping kids off.House Bill 6028 now moves to the Senate for consideration.### 20Jun House approves Rep. Howell’s plan to update rules for school buseslast_img read more

Rep VanWoerkom announces May coffee hours

first_img07May Rep. VanWoerkom announces May coffee hours Categories: VanWoerkom News State Rep. Greg VanWoerkom, of Norton Shores, recently announced where he will be available to meet with Muskegon County residents during the month of May.“I value the input that comes out of these regular coffee hour discussions,” Rep. VanWoerkom said. “If you have any thoughts or concerns about state government, I encourage you to attend.”Rep. VanWoerkom announced separate dates in several communities where he will be available to meet directly with residents.Friday, May 17 at the following times and locations:9:30 to 10:30 a.m. at Biggby Coffee, 5169 Harvey St. in Norton Shores; and11:30 a.m. to 12:30 p.m. at the Overboard Inn, 6027 Main St. in Twin Lake.Friday, May 24 at the following times and locations:8 to 9 a.m. at Ravenna Round Table, 12396 Stafford St. in Ravenna; and10 to 11 a.m. at Granny’s Griddle, 5624 E. Apple Ave. in Muskegon.No appointments are necessary. Those who are unable to attend at the scheduled times but would like an opportunity to talk with Rep. VanWoerkom may call his office at (517) 373-3436 or email GregVanWoerkom@house.mi.gov.###last_img read more

Google Discloses the Whitemaleness of its Workforce Vows to Do Better

first_imgShareTweetShareEmail0 SharesMay 29, 2014; Salon In response to growing pressure about the apparent lack of diversity in the workforce of the high-tech sector, Google has taken the step of revealing just how justified that concern really is. In what is being seen as a groundbreaking voluntary disclosure, Google has admitted that only 2 percent of its employees are black, 3 percent are Hispanic, and 30 percent are women. Employers in the United States are required to compile and file these kinds of numbers with the Equal Employment Opportunity Commission (EEOC) but are not required to go public with them.This, then, provides a benchmark against which change can be measured. Not to be outdone, Sheryl Sandberg of Facebook said that the social media giant would also disclose, but that they wanted to share their data internally first.Google vice president Lazlo Bock said Google has been funding organizations working to bring computer science education to women and girls and has been working with historically black colleges and universities on curricula. “But,” he added, “we’re the first to admit that Google is miles from where we want to be, and that being totally clear about the extent of the problem is a really important part of the solution.” Google will work with the Kapor Center for Social Impact to make gains in diversity.Pressure to confront the problem has been brought by, among others, the Rev. Jesse Jackson, who has been leading delegations to shareholder meetings at, among others Google, Facebook, eBay, and Hewlett-Packard. “It’s a bold step in the right direction.” Jackson said of Google’s disclosure, “We urge other companies to follow Google’s lead. Silicon Valley and the tech industry have demonstrated an ability to solve the most challenging and complex problems in the world. Inclusion is a complex problem—if we put our collective minds together, we can solve that too.”—Ruth McCambridge ShareTweetShareEmail0 Shareslast_img read more

DeVos Confirmed by Barest of Margins

first_imgShare7TweetShareEmail7 Shares February 7, 2017; Washington PostTo take her place at President Trump’s Cabinet table and become the U.S. Secretary of Education, Betsy DeVos needed an unprecedented tie-breaking vote by Vice President Michael Pence. After her difficult appearance before the Senate Health, Education, Labor & Pensions (HELP) Committee—one that raised more questions about her qualifications than it answered—and weeks of effort by those who opposed her nomination, her opponents failed to find a third Republican senator willing to join Senate Democrats in opposition. When VP Pence cast the 51st yea vote, Ms. DeVos had made it.DeVos responded to her confirmation by tweeting:I appreciate the Senate’s diligence & am honored to serve as @usedgov Secretary. Let’s improve options & outcomes for all US students.— Betsy DeVos (@BetsyDeVos) February 7, 2017Predictably, the glass looked much less full when viewed from the Democratic side of the aisle. Chuck Schumer (D-NY), Senate Minority Leader, tweeted:Today @VP Mike Pence did something no one else has ever done: cast the tie breaking vote on his own cabinet nominee. #RiggedCabinet— Chuck Schumer (@SenSchumer) February 7, 2017And the always-outspoken Sen. Al Franken (D-MN) released the following statement:One of the most important jobs in our government is the Secretary of Education, who directly oversees the policies that children, teachers, school administrators, and entire communities depend on…It’s not a job for amateurs who don’t know the first thing about education. I voted against the nomination of Betsy DeVos, a billionaire Republican donor, because she is the most incompetent cabinet-level nominee I have ever seen. Last night, I urged my Republican colleagues to oppose her nomination, because if we cannot set party loyalty aside long enough to perform the essential duty of vetting the President’s nominees, then I don’t know what we are even doing here. Betsy DeVos has demonstrated that she is fundamentally unqualified to lead the Education Department, and it’s a shame that Republicans voted to confirm one of their major donors instead of looking out for our children.While DeVos did not have much name recognition prior to her nomination, she was well known within the Republican Party as a major donor and supporter of conservative causes. She also had become a powerful advocate for market-based school reform efforts, personally advocating for school vouchers and the right of parents to transfer public funds to private schools, including religiously affiliated programs.Once nominated, it became clear that she was passionate about her vision of a privatized public education system but not so knowledgeable about the workings of K-12 education, higher education, technical education, and the other issues under the purview of the Department of Education she will now lead. She reaffirmed her belief that private schools need not meet the same level of accountability as traditional public schools. Despite limiting the formal questioning during her one appearance before the HELP Committee, her Republican supporters had not been able to keep her from showing how little inexperience she will bring to her new job and her lack of knowledge about public education. Her written responses to follow-up questions did little to improve her image.Her nomination energized public school supporters who opposed the drive toward privatization that they believed she, and President Trump, were ready to push forward on aggressively, including a proposal to shift $20 billion in federal education funding to vouchers. Former Secretary of Education John King, Jr., summarized how her opponents evaluated her for the Washington Post.Across the country parents, teachers, community leaders and civil rights advocates are rightly insisting that the federal role in education should be to strengthen public education, not abandon it, and to protect students’ civil rights including students with disabilities, low-income students, students of color, LGBT students, and immigrant students.Sen. Patty Murray (D-WA), during the final Senate debate leading up to the confirmation vote, asked if she was “a knowledgeable candidate who understands the federal law.”Is this a candidate who comes to us without conflicts of interest? Is this a candidate who is willing to stand up and be the defender of all young children in the schools? To me, and I think to many of my colleagues who have been out here speaking, she is not.And now that Betsy DeVos is Secretary of Education, will she be able to lead after such a bruising process? Senator Murray thinks it will be difficult: “She would start this job with no credibility inside the agency she is supposed to lead, with no influence in Congress. As the punchline in late-night comedy shows—and without the confidence of the American people.”Republican Sen. Lamar Alexander (R-TN), who chairs the HELP Committee, sees less difficulty for DeVos. “For the last eight years, I worked well with President Obama’s Education, Health and Energy secretaries, and the president himself, even though we had fundamental disagreements on the federal role in education, Obamacare and energy policy.”Randi Weingarten, president of the American Federation of Teachers, a union that protested the nomination, told the New York Times “the public would now have to serve as a check and balance to her policies and be fierce fighters on behalf of children.” Now, as the Trump-DeVos education agenda unfolds, we will see how effective they will be.—Martin LevineShare7TweetShareEmail7 Shareslast_img read more

Buckie A Social Enterprise with Undeniable Impact

first_imgShare15TweetShare8Email23 SharesNo machine-readable author provided. Edward assumed (based on copyright claims). [Public domain], via Wikimedia CommonsApril 19, 2017; DevonLive.comWhenever advocates of social enterprises as potential cash cows for the larger missions of nonprofits treat the notion as modern and innovative, we think of endeavors such as the one described below. This social enterprise is nothing if not financially successful, but it may be somewhat wanting in the alignment-to-larger-mission department. At this point, it may also be a hard creature to put down.The Devon Monks of Buckfast Abbey in Scotland are fighting the good fight against a campaign demanding that they be stripped of charitable status. The challenger is the National Secular Society, which works to challenge religious privilege. It claims that the abbey’s main product, Buckfast Tonic Wine, made since the 1920s and otherwise known as “Buckie,” provokes dangerous behavior.Police in Scotland and the Scottish Labour Party have tried to ban the wine. Dundee Sheriff Alastair Brown said recently that the drink is “something which is often seen as a feature of cases involving violence.”According to this article, “Buckie” has been linked to 6,500 reports of antisocial behavior and violence in just two years. However, it has been a cornerstone social enterprise for the Buckfast Abbey Trust, which brought £8.8m in 2014–15 mostly from its wine. That it pays no tax on that income is an “abuse of the charitable system” according to the National Secular Society, which has demanded that its charitable status be rescinded.According to Society vice president Alistair McBay, “The monks should be setting an example as a religious organization, but the opposite is happening.…The question needs to be asked, ‘Are they serving God or Mammon?’”The Trust said that “following the complaint, it would contact the Charity Commission.” Its charitable purpose is the “advancement of the Roman Catholic religion,” so while this social enterprise certainly has serious and broad social impact, that impact might be antithetical to the larger entity being supported.—Ruth McCambridgeShare15TweetShare8Email23 Shareslast_img read more

The BBC Trust the corporations governing body h

first_imgThe BBC Trust, the corporation’s governing body, has agreed a funding deal for Welsh-language channel S4C until 2017.The Trust said the arrangement will protect the editorial and managerial independence of S4C, whilst safeguarding appropriate accountability to the Trust for licence fee funding spent by the service. The deal follows negotiations between S4C, the BBC Trust and the UK government after last year’s BBC licence fee settlement, in which it was agreed to establish a new partnership and funding arrangements for S4C.The deal will see the BBC using annual licence fee funding for S4C of £76.3 million (€88 million) in 2013/14, £76 million in 2014/15, £75.25 million for 2015/16 and £74.5 million in 2016/17. The S4C Authority has agreed to a revised governance arrangement, that gives the BBC Trust member for Wales a place on the Authority. The BBC will therefore be able to help shape the broadcaster’s objectives but it will not be involved with the day-to-day running of S4C.BBC Trust chairman, Chris Patten, said: “This is good news for the Welsh-speaking audience. Our agreement safeguards S4C’s editorial independence while ensuring effective oversight of licence fee funds. It will also forge a closer working relationship between BBC Wales and S4C, which will see savings reinvested in quality programming that viewers expect.”last_img read more

Eutelsats W3C satellite has entered commercial op

first_imgEutelsat’s W3C satellite has entered commercial operation at the 16° East orbital position. The transfer of all traffic, including over 480 TV channels, onto W3C from the Eurobird 16, W2M and SESAT 1 satellites, was completed yesterday by Eutelsat’s control centre.Eutelsat said over 11 million homes in central Europe and 500,000 in Indian Ocean islands are equipped to receive broadcast services from the 16° East neighbourhood. Pay TV platforms and public and private broadcasters using W3C include SBB, Digitalb, TV Max, Tring and TV Romania. SBB, operator of Total TV, the Serbian DTH platform, is adding two transponders to the six already leased at 16° East. Leased to 2020, the additional capacity will be used to support new channel launches.Eutelsat’s Eurobird 16, SESAT 1 and W2M satellites remain in commercial service.last_img read more

US internet TV startup Aereo founded by US media

first_imgUS internet TV startup Aereo, founded by US media mogul Barry Diller, has raised US$38 million (€29 million) and has plans to expand to 22 cities across the country.Aereo launched last year with a services offering live broadcasts via the internet of major US networks on a variety of devices for US$12 a month. Aereo allows users to view off air broadcasts via a very small antenna embedded in the device.Diller’s own IAC led the investment round along with Highland Capital Partners. The service provider previously had raised US$20.5 million in a round led by IAC.Aereo has attracted hostile attention from US networks, who claim that the service is stealing its signal. The company is currently involved in a litigation battle with a number of broadcasters.last_img read more

US pay TV provider DirecTV is one of three bidders

first_imgUS pay TV provider DirecTV is one of three bidders offering upwards of US$1 billion (€764 million) to acquire US video-on-demand site Hulu, according to US reports. Bloomberg and Reuters both reported the news, citing unnamed sources, claiming that the three US$1 billion-plus offers made it likely that Hulu owners News Corp, Disney and Comcast will reach a sale agreement.Though it was not clear who the other two more-than-US$1 billion bidders are, both news outlets said Hulu had received at least seven bids in total and would narrow these down in the coming weeks.The other firms reported to have put in offers for the VOD site are Yahoo!, Time Warner Cable and investment firm the Chernin Group – run by former News Corp president and chief operating officer Peter Chernin.Private equity firms KKR, Guggenheim Partners through its Guggenheim Digital arm, and Silver Lake Partners in conjunction with Hollywood talent agency WME are all also said to have tabled bids.last_img read more

Credit analysts have downgraded BSkyB after the UK

first_imgCredit analysts have downgraded BSkyB after the UK pay TV platform moved a step closer to creating a UK-Italian-German operation, Sky Europe.BSkyB recently received acceptances to take a majority stake in Sky Deutschland, leaving it with 87.5% of the German pay TV platform. With full control of Sky Italia in Italy, BSkyB will then form a consolidated Sky Europe operation.Moody’s said it was downgrading BSkyB because of the significant amount of extra debt the UK-listed company is assuming to execute the deal and the associated risk.“BSkyB has issued £1.3 billion (€1.7 billion) of new equity and has monetised certain assets to help fund the deal,” Moody’s noted. “But with a total purchase price expected to be around £7 billion, the company’s funded debt will more than double to over £7 billion compared to only 2.7 billion of reported gross debt at the end of fiscal year ending (FYE) 30 June 2014.”The credit analysts said than BSkyBwill benefit from greater scale and geographical diversification when Sky Europe is formed, but added that Sky Deutschland and Sky Italia have lower margins than BSkyB and operate in distinct markets, limiting possible infrastructure savings.“In Moody’s view, BSkyB could be challenged to continually drive pay-TV penetration in Germany, despite increasingly positive trends in that country. In Italy, pay-TV competition remains intense, while ongoing macroeconomic weakness is putting pressure on Sky Italia’s performance,” it noted, adding that “immediately following the transaction BSkyB’s financial metrics will be weak.”last_img read more

Polands nc has selected settop box maker ADB to

first_imgPoland’s nc+ has selected set-top box maker ADB to provide its new platform, set-top box software and assocated software integration services to power nc+’s multi-screen strategy.nc+ was the first to go live with the ADB’s new WiFi-satellite set-top box, the ADB-4740SF, which it deployed earlier this month.The device features a customised, high definition user interface, built-in WiFi that enables wireless access to nc+ go TV and other OTT services, and a hard disk to record programs and watch time-shifted content.“Our focus is on providing the best possible entertainment experience to our customers. ADB, a long-term partner, has the combination of software integration expertise and leading edge technology that we need to deliver innovative and compelling services,” said Jarosław Kordalewski, executive vice-president for IT and technology at nc+.last_img read more

Vimeo has launched a new version of its iOS app wi

first_imgVimeo has launched a new version of its iOS app with a new video discovery and browsing experience.The new app surfaces new videos picked daily by Vimeo’s curators across 16 categories, which include music, animation, travel and documentary.Other new features include a new interface optimised for iOS 9, the ability to watch a video while browsing the rest of the app, and an updated iOS upload backend system.“We spent a lot of time building out a robust feature set for the app that leverages everything iOS 9 has to offer. Vimeo’s new iOS app makes discovering, browsing and watching gorgeous videos straight from Vimeo’s global creator community even easier,” said said Vimeo’s vice-president of product, Christophe Gillet.last_img read more