Housing Starts Fall Permits Up in March

first_img Construction Permits Starts 2017-04-18 Seth Welborn Share April 18, 2017 571 Views Housing Starts Fall, Permits Up in Marchcenter_img Despite a strong February, housing starts have fallen almost seven percent in March. According to Tuesday’s New Residential Construction report from the Census Bureau and the Department of Housing and Urban Development (HUD), housing starts dropped to a seasonally adjusted annual rate of 1.215 million, a 6.8 percent decrease from February’s 1.303 million, but many outlooks are still positive. The March housing starts rate is 9.2 percent higher year-over-year.“Today’s Census Bureau report for March is good news for the housing market,” said First American Chief Economist Mark Fleming. “Millennial household formation is beginning to have meaningful impact on housing demand and will likely only increase. Currently, I estimate that the amount of housing supply necessary to just keep pace with demand is probably around 1.5 million housing units a year.”Single-family starts fell six percent in March, to an annual rate of 821,000 from February’s rate of 875,000, which was the fastest monthly rate since the Great Recession.Although sing-family starts dropped, single-family permits posted the third largest annual pace since the recession. Permits in March grew 3.6 percent to 1.26 million from February’s 1.216 million, and grew year-over-year by 17 percent. According to the report, housing completions were up in March by 3.2 percent, totaling 1.205 million, over February’s 1.168 million. This is a year-over-year increase from March 2016 by 13.4 percent.The National Association of Homebuilders (NAHB) reports that this is much in line with Monday’s NAHB/ Wells Fargo Housing Market Index (HMI). The March HMI was unusually high, and the NAHB predicts more growth throughout the year. NAHB reports that there is a continuing demand for home construction, although builders have faced several challenges such as high regulatory costs and increasing material prices.Regionally, the South was the best performing region, with a three percent month-over-month gain in housing starts. The Northeast showed no change, while the West dropped six percent, and the Midwest dropped 35 percent.Read the full Census Bureau/HUD survey results here. in Daily Dose, Featured, News, Originationlast_img read more

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Grace expects Greinke trade to have emotional impa

first_img Grace expects Greinke trade to have emotional impact The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Just as preseason predictions mean little when the regular season gets underway, so too do preseason records. While the Cardinals have started 2-0 in the exhibition portion of their schedule, there’s another number that should be the source of some optimism as they look to improve.Ten — as in the number of straight seasons a last-place team has gone on to make it to the postseason the following year. “You always want to be in that position,” Dockett said of the Cardinals being considered underdogs in the division. “When you’re sitting at the top everybody is coming with their best, trying to tee off on you. Sometimes it’s good to be at the top, sometimes it’s not.”The Cardinals are certainly not sitting ‘at the top’ heading into the 2013 season, nor should they be. Losers of 10 of their last 11 games to close out the 2012 season, Arizona is in the midst of establishing a new identity under new head coach Bruce Arians and new general manager Steve Keim.But regardless of what transpired in the offseason, Dockett noted that predictions hold little weight when it comes time for the regular season to start, because they are just that, predictions.“I look at it like nobody is on top,” said Dockett. “The records are 0-0. Everybody has to go out and play 16 games. We’re just trying to focus on ourselves and getting better as individuals, as coaches, as a team and as one unit. “I’m not worried about finishing in last place last year, because there’s a lot of change. There’s a lot of new teammates, a new coach, a new general manager. There’s a lot of excitement. Our focus is on getting the Cardinals better.” As a nine-year veteran, Arizona Cardinals defensive tackle Darnell Dockett has experienced just about all the highs and lows one can have in an NFL career.He’s reached a Super Bowl (2008), won back-to-back division titles (2008 and 2009), played on last-place teams (2006, 2010 and 2012) and also suffered through campaigns where 8-8 just wasn’t good enough (2007 and 2011).So while the preseason talk has centered on the San Francisco 49ers and Seattle Seahawks being favorites not only in the NFC West but in the conference, as well, count Dockett among those more than content to play second-fiddle in the headlines this time of year. Top Stories center_img 0 Comments   Share   Derrick Hall satisfied with D-backs’ buying and selling – / 24 Former Cardinals kicker Phil Dawson retireslast_img read more

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Ottawa County law enforcement officials join Rep Price for 911 ceremony at

first_img08Sep Ottawa County law enforcement officials join Rep. Price for 9/11 ceremony at state Capitol Categories: News LANSING – Ottawa County Sheriff Gary Rosema and Capt. Valerie Weiss joined State Rep. Amanda Price today as her guest during the annual House of Representatives’ 9/11 ceremony at the state Capitol.“With his over 42 years in law enforcement, including 22 years as Ottawa County sheriff, it was an honor to have Sheriff Rosema as well as Capt. Weiss with us while honoring our first responders,” said Rep. Price, R-Park Township. “They’ve selflessly dedicated themselves to Ottawa County.”Today’s event recognized law enforcement, fire department, emergency medical staff and U.S. military members, during which a ceremonial bell was rung for each of the 12 first responders and three members of the U.S. military from Michigan who died in the line of duty. Guests of state representatives and family members of the deceased were also in attendance, as the Van Buren County Sheriff’s Department honor guard and chief chaplain from the Berrien County Sheriff’s Department also participated in the ceremony.last_img read more

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Rep Vaupel to host indistrict office hours April 21

first_img18Apr Rep. Vaupel to host in-district office hours April 21 Categories: Vaupel News State Rep. Hank Vaupel of Handy Township will host office hours in Fowlerville, Hartland and Howell on Friday, April 21.Rep. Vaupel will meet with residents at the following locations:Fowlerville: 2:30 to 3:30 p.m. at Fowlerville Farms, 941 S. Grand Ave.;Hartland: 4 to 5 p.m. at Kahuna Coffee, 1836 Old U.S. Highway 23; andHowell: 5:30 to 6:30 p.m. at All Star Coney Island, 934 S. Michigan Ave.“I find the information I hear from residents of our communities to be vital in the way I represent them at the Capitol,” Rep. Vaupel said. “Meeting with the people I serve and hearing what they have to say is one of the most enjoyable aspects of this job.”Rep. Vaupel hosts district office hours on the third Friday of every month. Residents who are unable to attend, but would like to voice concerns or ideas, may contact Rep. Vaupel’s office by phone at (517) 373-8835 or by email at HankVaupel@house.mi.gov.last_img read more

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Reilly bill would require colleges uphold First Amendment

first_img25May Reilly bill would require colleges uphold First Amendment Categories: Reilly News Representative John Reilly, R-Oakland, has introduced legislation to strengthen First Amendment protections for citizens attending public colleges and universities.Rep. Reilly noted that numerous free speech court cases against universities in Michigan have either been settled out of court or ruled against the universities.“The Legislature has not only the authority, but a compelling duty to protect the free speech rights of its citizens and to shield its taxpaying citizens from unnecessary financial liability arising from ambiguity in existing policies,” he said.Reilly noted a pending case against Kellogg Community College in which a student was handcuffed and jailed for circulating copies of the U.S. Constitution.  He also pointed to recently settled cases against Grand Valley State University, Western Michigan University and Eastern Michigan University.  In addition, he noted a ruling in Doe v. Michigan in which the court found a University of Michigan policy forbidding the “stigmatizing or victimizing” of individuals or groups a violation of protected speech rights under the First Amendment.“It shouldn’t be necessary to codify the First Amendment to the Constitution of the United States and corresponding speech protections in our state Constitution, but sadly, these ongoing, pervasive problems prove that we do,” Rep. Reilly said. “These cases simply codify the court rulings that have consistently upheld the right to free speech on public campuses.”House Bill 4656, cosponsored by Reps. Hoitenga, Hornberger, Iden, Johnson, Kelly, Lilly, Lucido, Noble, Robinson, Runestad and Victory, would require Michigan’s 43 public colleges and universities to adopt free speech policies that include:An affirmation that the school strives to ensure the greatest degree of intellectual freedom and free expression.An affirmation of the right to free speech.An affirmation of the right to assembly.An affirmation of the right to protest, provided it does not infringe on the rights of others to engage in or listen to others.An affirmation that the campus is open to any speaker whom students, student groups or faculty invite.An affirmation that the public areas of campuses are traditional public forums, open on the same terms to any speaker.An affirmation to prohibit discrimination against belief-based student groups.An affirmation that this policy supersedes any previous policy.It would further require the schools to make this policy known to students, professors, administrators, campus police and residence life officials.House Bill 4656 was referred to the House Oversight Committee.###last_img read more

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Representatives Lilly and García announce community mental health forum

first_img15Feb Representatives Lilly and García announce community mental health forum Categories: Garcia News,Garcia Photos,News,Photos Representatives Jim Lilly (R- Park Township) and Daniela García (R-Holland) invite Ottawa County residents to attend an upcoming forum on community mental health issues.The forum is scheduled for Friday, Feb. 23 from 5 to 6:30 p.m. at the Fillmore Complex (Main Conference Room), 12220 Fillmore St. in West Olive.  Guest speakers will include MDHHS Deputy Director of Behavioral Health and Developmental Disabilities’ Lynda Zeller, Executive Director of Ottawa County Community Mental Health’s Lynne Doyle, and the CEO of Lakeshore Regional Entity’s Jeff Brown.“Our offices have listened to our communities’ concerns on community mental health and I believe this forum will offer valuable insight into the issue.” Lilly said. “Representative García has been leading the charge on this issue in Lansing and I’m honored to welcome her into the 89th District to help facilitate meaningful conversation.”García said: “Representative Lilly and I understand how important it is to ensure all Ottawa County residents have the adequate mental health services they need.  This forum is a great opportunity for the community to voice their concerns, share their experiences, and better understand the issue from every level of government.”The event is open to the public. Anyone unable to attend is encouraged to contact Representative Lilly’s office at 517-373-0838 or Representative García’s office at 517-373-0830.last_img read more

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Rep Allor seeks feedback from local residents

first_img Categories: Allor News 12Sep Rep. Allor seeks feedback from local residents State Rep. Sue Allor, of Wolverine, today invited people to sit down with her during office hours this month in Alcona, Alpena, Cheboygan, Iosco and Presque Isle counties.“I truly enjoy meeting with people and hearing from them on the issues we’re facing as a region and state,” Allor said. “The input and feedback I receive during these informal meetings helps me better represent our community at the Capitol.”Allor will be available at the following times and locations:Monday, Sept. 17, from 1:30 to 2:30 p.m. at Chi-Chi’s Restaurant, 409 N. Bradley Hwy. in Rogers City;Monday, Sept. 17, from 4:30 to 5:30 p.m. in the Donald Newport Center, Room 106, at Alpena Community College, 665 Johnson St. in Alpena;Friday, Sept. 21, from 1 to 2 p.m. in the Commissioner’s Room at the Alcona County Courthouse, 106 5th St. in Harrisville;Friday, Sept. 21, from 3:15 to 4:15 p.m. at the Victorian Café, 216 S. Washington St. in Hale; andFriday, Sept. 28, from 1:30 to 2:30 p.m. at Wood Winds Restaurant and Pizzeria, 20812 Washington Ave. in Onaway.No appointments are necessary. Anyone unable to attend local office hours can contact Allor at (517) 373-0833 or email SueAllor@house.mi.gov.###last_img read more

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Rep Whiteford appointed to task force to investigate state governments information technology

first_img Categories: News,Whiteford News Rep. Mary Whiteford today was appointed to a special task force to investigate and help resolve cost overruns and inefficiencies with state government information technology projects.Whiteford – chair of the budget subcommittee overseeing the Department of Health and Human Services – was appointed to the bipartisan panel by House Appropriations Chair Shane Hernandez.“When state computer systems have glitches or don’t work properly, Michigan residents may be hurt at a time they need government’s help the most,” said Whiteford, of Casco Township in Allegan County. “It leaves children vulnerable to falling through the cracks of our state support system, and families unable to get the help and services they need. Cost overruns on items like software development take away money that could otherwise be spent on schools, roads and other important services. I am ready and willing to work with state departments and vendors to find solutions that will provide better, more cost-efficient service to Michigan residents.”State departments too often start IT projects that cost more and perform worse than expected. A Department of Health and Human Services system related to tracking child abuse and neglect cases, for example, has received $231 million in the past several years and still has persistent and significant defects.About 40,000 Michigan residents were wrongfully accused of fraud between 2013 and 2015 by a faulty computer system used by the Unemployment Insurance Agency. A failed Secretary of State computer system overhaul started in 2005 resulted in service issues, lawsuits cost overruns.Michigan House proposals are including 25-percent spending reductions in state department information technology budgets as part of the state’s upcoming plan for Fiscal Year 2019-20. The task force builds on that effort by helping find solutions and efficiencies.Hernandez appointed Rep. Mark Huizenga of Walker to chair the task force. Reps. Annette Glenn of Williams Township, Terry Sabo of Muskegon and Abdullah Hammoud of Dearborn will join Whiteford on the panel.### 05Jun Rep. Whiteford appointed to task force to investigate state government’s information technology inefficiencies, cost overrunslast_img read more

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Senate approves Rep Slaghs plan to give local communities control over residential

first_img Measure increases safety on Michigan roads The Michigan Senate this week approved a plan introduced by state Rep. Bradley Slagh to ensure safer neighborhood roads while also helping to save millions of dollars statewide.“Our communities know what’s best for their residents and giving them the control to help maintain safer neighborhood areas without additional costs for signage is the right thing to do,” said Slagh, of Zeeland.Many Michigan communities are forced to spend more taxpayer money because of changes made to state laws in 2016 that require costly studies and signage to enforce a 25 mph speed limit on residential streets.Slagh’s plan would allow communities to have a basic 25 mph residential speed limit unless otherwise posted – significantly reducing signage costs.Slagh, who previously served as the Zeeland Township supervisor for five years, worked closely with the Michigan State Police, Michigan Association of Chiefs of Police and Michigan Municipal League to craft this plan.House Bill 4118 now heads to the governor for consideration.### Categories: Slagh News 20Jun Senate approves Rep. Slagh’s plan to give local communities control over residential speed limitslast_img read more

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Study Crowds or Experts—Who Makes Better Funding Decisions

first_imgShareTweetShareEmail0 Shares August 19, 2014; ThinkAdvisorThe rise of crowdfunding surfaces a lot of questions. Will the method produce better or worse results than funding decisions left to experts in venture capital or grantmaking organizations? How will the decisions differ? What will be the social results of those differences?In this fascinating working paper, entitled “Wisdom or Madness? Comparing Crowds with Expert Evaluation in Funding the Arts,” Ethan Mollick of the Wharton School and Ramana Nanda of Harvard University compares the funding decisions for theater projects made by the “crowd’ on kickstarter to those that a panel of “experts” made. The experts were drawn from the ranks of those who had participated in formal grantmaking for the arts. Here is an excerpt from the paper, which is well worth reading:“We find that crowds and experts broadly agree on project quality, and that the main difference between the crowd and experts appears to be that the crowd is willing to fund projects that experts are not, even when experts are given unlimited funds. Looking at the outcomes, these projects seem to have similar final results to those selected by experts, meaning that the crowd expands the number, and potentially the type, of projects that have a chance of success.“Based on this evidence, the change from a hierarchical expert‐led system to a mixed expert and crowd‐based one may have large positive effects on the types of innovations that the system produces (Sah & Stiglitz, 1986), as allowing more ideas to come to fruition has been shown to lead to increased innovation quality (Kornish & Ulrich, 2011; Terwiesch & Ulrich, 2009). Similarly, a crowdfunding approach has the ability to include individuals who would not otherwise have access to funds because of the potential challenges of applying for NEA grants: they may not have experience or knowledge of grant writing, may have the wrong skillset to apply, or may be proposing programs that are not within NEA guidelines. A more diverse pool of individuals can further increase innovation (Østergaard, Timmermans, & Kristinsson, 2011). Finally, there are some suggestions in the data that the crowd may be more willing to take a chance on projects with higher variance outcomes than experts might be comfortable with. Though it is not statistically testable, we find that the crowd funded a higher percentage of hits (27%) than the experts (7%), and also the only project that failed due to a quality issue. Increasing the number of high variance projects may lead to more breakthrough ideas.”So, in short, the research suggests that at least in the area of the arts, the crowd’s judgment is not only as sound as experts’, but that it is likely to result in a broader distribution of funding and potentially more innovation and diversity.We’d love to hear your thoughts on these findings; we find them intriguing and worthy of discussion.—Ruth McCambridgeShareTweetShareEmail0 Shareslast_img read more

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RTL Group has partnered with multichannel YouTube

first_imgRTL Group has partnered with multi-channel YouTube content network BroadbandTV, putting US$36 million (€27.7 million) into the firm in the first of a string of planned investments. The deal, designed to increase RTL Group’s expansion in the online video market while upping BroadbandTV’s global growth strategy, gives RTL Group a 51% shareholding in BroadbandTV. RTL Group also takes three seats on the BroadbandTV board.The firms said they will explore joint business opportunities in the “development of original content and advertising sales,” with the deal also giving RTL Group a platform to work on.“As the leading European entertainment network, RTL Group is committed to becoming a major player in all segments of the rapidly growing online video market, and is ideally positioned to do so,” said Guillaume de Posch, co-CEO of RTL Group.“Our major broadcasters have built leading catch-up TV services, while RTL Group’s global content arm, FremantleMedia, has become the highest-rated TV producer on YouTube, with 135 channels currently generating 400 million video views per month. Today, we are delighted to announce a partnership with BroadbandTV and Shahrzad Rafati that will further our development.”BroadbandTV founder and CEO Shahrzad Rafati added: “BroadbandTV has been on a rapid growth trajectory since we began, and that pace will only accelerate with our partnership with RTL Group.“Together, we have defined an ambitious growth plan fuelled by investments in technology, advertising sales, content, international expansion and talent. We have a shared vision to achieve market leadership in the digital space.”Vancouver, Canada-based BroadbandTV is YouTube’s fifth largest Multi-Channel Network, managing more than 7,800 channels and generating 800 million video views per month. Founded in 2005, its network brands include VISO and TGN and works with content creators ranging from independent video entrepreneurs such as Element Animation, to well-established media brands such as Discovery Communications.last_img read more

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Networking and broadband systems provider ZyXEL ha

first_imgNetworking and broadband systems provider ZyXEL has joined the Multimedia-over-Coax Alliance (MoCA) as an associate member. “ZyXEL provides excellent home network foundations for all digital media, such as video/ music streaming and console games. By integrating MoCA technology, it not only enhances media delivery quality for end users but also minimizes the effort and cost of service providers,” said Chinru Lin, vice president of ZyXEL.“The company’s addition to MoCA is welcome as ZyXEL provides a wide-range of wired and wireless networking solutions. Their collaboration with the world’s leading telecommunications and service providers is well known and respected,” said Charles Cerino, MoCA president.last_img

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Factual channel CBS Reality has launched in the UK

first_imgFactual channel CBS Reality has launched in the UK on digital-terrestrial platform Freeview, making it available to some 9.5 million households. CBS Reality, which is part of the CBS Chello Zone UK partnership of channels, is available on Freeview channel 66, and the firm claims it is the first channel on the platform dedicated 100% to reality programming.The real life network airs documentaries and series including shows like Judge Judy, Cheaters and Dog & Beth: On the Hunt.“We are thrilled CBS Reality will be added to the DTT platform as the audiences for both are incredibly well matched.  The channel is the ratings leader in our CBS Chello Zone Partnership portfolio and will no doubt be compelling viewing for Freeview customers,” said Tanya Gugenheim, chief of business development, Chello Zone.last_img read more

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Carola Lundell Swedish commercial broadcaster TV4

first_imgCarola LundellSwedish commercial broadcaster TV4 Group has seen a 111% increase in online video streams after adding cross-platform features to Sweden’s version of the Idol franchise this year.Speaking at the Future TV Advertising Forum in London yesterday, TV4 Group’s head of new business, Carola Lundell, said Swedish Idol was an example of how TV4 is looking to engage viewers across platforms and innovate in terms of format.The competition show, which is currently in its tenth season in Sweden, included two new web-focused features this year. Viewers were encouraged to go online to find out which contestants had got through to the finals, with linear broadcasts ending on a cliff-hanger. Hopefuls were also encouraged to upload audition tapes to the TV4 website, as well as audition in person, with two entrants selected from the web to appear in the finals.“We had 7.1 million started streams based on the audition going online,” said Lundell – a digital traffic increase of 111%. TV4 also received some 2,200 online audition entries online, which generated 1.5 million started playback streams on its TV4 Play VoD service, she revealed.“What this generated for us is a lot of user-generated content on our online platform for the first time,” said Lundell.“Obviously this also led to a lot of engagement in social media. From a commercial perspective this means that we had a lot of inventory to sell ads on, but I’m also convinced that there’s more to do in terms of finding new ways to actually involve advertisers in this type of initiative.”In another case-study, Lundell said that, in Finland, TV4 sister channel MTV managed to increase advertising revenues by some 40% for its version of the Strictly Come Dancing format this year after adding a Twitter sponsor for the show (chocolate maker Fazer) and encouraging more online engagement. This included audience Tweets to reveal the identity of the guest judge that would appear on the following week’s show.“One figure that came out of this collaboration which just ended on Sunday is a Twitter reach of almost 448,000 – you need to bear in mind that there are 500,000 Twitter users in Finland in total,” said Lundell.Speaking more generally about TV4 Group’s online efforts, Lundell said that the firm is using services like Instagram, Facebook, YouTube, as well as podcasts, to reach viewers in online different windows. She also claimed that 55% of its viewers now use a second screen while watching TV – primarily smartphones.“An important thing to remember is that this is very much unchartered territory for us. We don’t have all the answers. It’s very important that we have an iterative approach to the stuff that we’re doing online – meaning that we test things, we see where that leads, we then learn from that and then try to integrate new ways of working on things,” said Lundell“We don’t have all the answers yet, but we’re sure that this approach is going to take us forwards.”last_img read more

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Juan Luis Cebrián and Manuel Polanco the presiden

first_imgJuan Luis Cebrián and Manuel Polanco, the president and vice-president respectively of Spanish media group Prisa, have resigned as directors of Mediaset España as a result of the reduction of Prisa’s stake in Mediaset’s Spanish operation to 5.1%. Polanco has withdrawn from the group’s excutive committee and nomination and remuneration committee, while Cebrián has withdrawn from the audit and compliance committee.Both Cebrián and Polanco joined Mediaset España’s board in 2010 following the sale by Prisa of commercial channel Cuatro to Mediaset España in exchange for a stake in the company. However, Prisa has progressively sold chunks of its 17.3% in the Spanish operation. In April last year it sold a 3.69% stake for €121.2 million and July Mediaset purchased a further 8.5% for €307 million.In other Spanish news, José Manuel Lara Bosch, chairman of Grupo Planeta and Grupo Atresmedia, the owner of commercial channel Antena 3, has died at the age of 68 after a long illness.Lara Bosch, who took over publishing giant Grupo Planeta in 1985 on the death of his father, served as president of Antena 3 from 2003 following the acquisition of part of the broadcaster by Grupo Planet subsidiary Planeta-DeAgostini. He is largely credited with turning Planeta, founded by José Manuel Lara Hernández in 1949, into a multinational media group.last_img read more

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M7 Groupowned Czech and Slovak pay TV operator Sk

first_imgM7 Group-owned Czech and Slovak pay TV operator Skylink has added movie service Joj Cinema to its channel line-up.The 24-hour channel will be part of the Skylink Mini, Multi, Kombi, Multi HD, Flexi7 and Komplet packages. However, Skylink is making the channel available free to view to all subscribers until the end of August.last_img

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Discovery Communications and BT are weighing moves

first_imgDiscovery Communications and BT are weighing moves for Channel 4 if the government decides to privatise the UK public service broadcaster.UK newspaper The Telegraph reported over the weekend that Discovery, BT and a group led by former Channel 4 chairman Luke Johnson are all looking at buying Channel 4, were it to move from public to private ownership.Currently the broadcaster is a state-owned PSB, although unlike the BBC is funded by advertising.Speculation about its future was heightened in late September when UK government officials were pictured carrying official documents that said “work should proceed to examine the options of extracting greater public value from the Channel 4 corporation, focusing on privatisation options in particular”.The UK Department of Culture, Media and Sport then issued a statement confirming it is looking at different possibilities for Channel 4.The Telegraph reported “media giants” including Discovery, which was linked to rival UK broadcaster Channel 5 before it was sold to Viacom, and BT are already “circling” Channel 4, which is valued at about £1 billion (US$1.5 billion).Discovery’s interested was reported to be linked to its recent deal to take exclusive Europe-wide rights to the Olympic Games, which must be carried on free TV channels around the continent.last_img read more

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Pernille Erenbjerg Danish cable and telecom operat

first_imgPernille ErenbjergDanish cable and telecom operator TDC saw its cable TV base decline but increase ARPU, while its smaller IPTV base grew over the full 2015 financial year.Posting full-year results TDC said that the YouSee cable base fell by 5,300 over the year as a result of both individual customers and local antenna association customers leaving the network. YouSee also lost a contract with a low-ARPU antenna association that resulted in the loss of an additional 14,000 customers. However, the company has since signed a new contract with the latter association to provide a full TV offering.Reported revenue from TV in YouSee declined by 0.9% to DKK3.239 billion (€434 million) as a result of the decline in the customer base, partly offset by higher ARPU.The TDC/Fullrate brands’ TV offerings saw growth of 19,000 customers over the year, which the company said was driven by attractively priced packages with premium content in both cases.Revenue from the IPTV offerings grew by 10.9% to DKK1.001 billion, despite a DKK10 decline in ARPU due changes in the product mix, partly offset by price increases at the start of the year.Overall, TDC reported revenues of DKK24.4 billion, 4.4% up, and EBITDA of DKK9.8 billion, flat year-on-year.“We succeeded in meeting our financial targets for 2015, but we must regrettably cancel the distribution of any more dividend for 2015 due to the deteriorating outlook for 2016. This is a disappointing message for our shareholders, but the Danish business is under considerable pressure,” said CEO and president Pernille Erenbjerg.“I’m confident that our new strategy for the period up until 2018 will ensure that, based on better connections, we will be able to supply better solutions, supported by improved customer experiences. At the same time, we will make TDC simpler and better for customers.”last_img read more

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Adsupported videoondemand service Tubi TV has

first_imgAd-supported video-on-demand service, Tubi TV, has raised US$20 million in Series B funding.‘Expansion stage’ venture firm Jump Capital led the round, with participation also coming from new investor Danhua Capital and return backers Cota Capital and Foundation Capital.The Wall Street Journal first reported news of the financing, which was confirmed on Twitter by Tubi TV founder and CEO Farhad Massoudi.Massoudi told the WSJ that Tubi TV will use the new funds for marketing and to invest in its in-house analytics and recommendation platform. The new round takes Tubi TV’s total funding to US$34 million to date.Tubi TV is a US-based VOD service that has partnership deals in place with companies including Lionsgate, MGM, Paramount, Starz, The Weinstein Company, Sky and ITV.Tubi TV’s content is free to watch and available across “all major streaming devices” – including Android, Apple, Roku and Amazon devices.last_img read more

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