Media Sector

Liberty Media in quest of Sirius XM takeover deal

Liberty Media in quest of Sirius XM takeover dealLiberty Media is trying to get through all of Sirius XM in a deal that would value the satellite radio service at nearly $23 billion.

On Friday the complex proposal announced would allow Liberty Media Corp. to grab full ownership of Sirius XM Holdings Inc. after it acquired a controlling interest in the company last year.

Sony sells music streaming service Gracenote to Tribune

GracenoteTribune Company has entered into an agreement with Sony Corporation of America to purchase Gracenote for $170 million. Gracenote is a service that matches and streams music across multiple devices.

According to a press release the sale should close before March 31.

1.7 million households in Sydney switches to digital TV

1.7 million households in Sydney switches to digital TVWith only digital reception taking over analog television signals have been switched off in Sydney and surrounding areas.

7digital to be taken over by UBC Media Group

 7digital to be taken over by UBC Media Group UBC Media Group (LON: UBC) has conditionally settled to acquire privately owned 7digital, owner of a popularly-used digital music technology platform.

The two companies had signed a letter of intent and were now aiming towards accomplishing of an agreement by 16 December and plans to close the deal in April, UBC said in a statement on Monday.

Icahn Sells His 5.5% Stake in Netflix

NetflixIn a regulatory filing, Carl Icahn, an American businessman, has affirmed that he has sold 5.5% of his stake in Netflix.

In October 2012, Icahn had bought a 10% stake in the company. But almost after a year, Icahn has sold more than 50% of his stake. The news has led the shares of Netflix to decline by more than 2%.

Zenith Forecasts of Global Advertising Market Growth Stabilization

Zenith-OptimediaAs per forecasts made by Zenith Optimedia, the growth in the global advertising market this year will be 3.5%, even though there is not any big scale event like the U. S. election and Olympics.

The forecast indicates the stabilization in global ad market and that it is returning back on track after the recession hit period. The company had forecasted the same amount of growth in expenditure trend on advertising in June also.

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