DirecTV shareholders approved the satellite TV provider's proposed merger with AT&T, an action that removes one of the final hurdles to the blockbuster telecom transaction.
DirecTV shareholders are more than okay with the proposed buyout of the company by AT&T. The satellite operator said Thursday that shareholders overwhelmingly approved the merger, with 99 percent voting in favor on a base representing 77 percent of all outstanding company shares.
DirecTV has for several years received critical acclaim in the ad world for funny TV commercials lampooning how life supposedly gets worse when you have cable... and, of course, better when you switch to satellite-based video services. Now, the company is plying a little celebrity to the marketing mix.
Through their joint venture Otter Media, AT&T and the Chernin Group have confirmed their earlier reported intention to buy YouTube programming network Fullscreen. The size of the deal is not yet known, but Re/code puts Fullscreen's valuation at somewhere between $200 million to $300 million.
It's never over until the papers are signed: Raycom is threatening to once again pull its signal off DirecTV.
Belying his company's earlier claims that its proposed purchase of DirecTV could yield synergies of around $1.6 billion in regard to programming acquisitions, AT&T C hief S trategy Officer John Stankey said content costs could actually increase for the combined company if AT&T's ambitious programming goals are realized.
Pending approval of its $49 billion takeover of DirecTV, AT&T will bundle the satellite operator's pay-TV service with a wireless-broadband product capable of delivering download speeds of 15 Mbps and above, then deliver the package via a single dish to rural customers starting in 2015.
An attorneys general probe involving two-dozen states that is examining the legality of Comcast's proposed purchase of Time Warner Cable has been expanded to include AT&T's proposed acquisition of DirecTV.
Tech startups are stridently warned these days not to become too dependent on giant online platforms such as Google and Facebook. Your page or video views might be sky high right now, but if your business model can be undone with the mere tweak of an algorithm, you don't really have much of a business.
DirecTV and Raycom Media announced a new broadcast retransmission deal Sunday, ending a six-day blackout and enabling viewers in key pro football markets including New Orleans to catch Sunday's opening-season games. Service to 37 TV markets was restored with the agreement.