Multiscreen technology company Synacor said Tuesday that it's laying off approximately 20 percent of its workforce, resulting in the loss of about 70 jobs. The cuts will leave the struggling Buffalo-based company with about 210 workers.
Herb Hribar, CEO of eircom, has told the company's board of directors he will not seek to renew his contract and will leave the company. The announcement comes after the Ireland-based company abandoned plans for an initial public offering.
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.
AT&T cleared a large hurdle in its quest to purchase DirecTV as the satellite TV provider's shareholders have given the green light for the proposed deal.
Bell Aliant's CEO Karen Sheriff will retire from the company at the end of the year as the company becomes integrated into its parent company Bell Canada Enterprises (BCE).
Driven by advertising, revenues from over-the-top video services will more than double in the next six years, reaching $42.3 billion by 2020, a new report from Digital TV Research forecasts, with most of that money rolling into the U.S.--at least for a little while, until international markets catch up.
Representatives for Starz met in Los Angeles Tuesday with 21st Century Fox, discussing the possibility of having the conglomerate buy the premium cable programming service.
The Society of Cable Telecommunications Engineers has re-elected top Suddenlink tech executive Terry Cordova as board chairman for the organization's 2014-15 term.
Top YouTube multichannel network Fullscreen is officially being acquired by Otter Media, the joint venture between AT&T and the Chernin Group. The deal could be worth between $200 million and $300 million, Re/code reported, although the exact sale price wasn't revealed.
Granite Telecommunications, a supplier of voice, data and other services to large multi-site businesses, has surpassed the $1 billion annual revenue mark a number of months ahead of its own forecast.