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Financial News

Latest Headlines

Latest Headlines

Synacor cuts 70 jobs, 20% of workforce

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.

eircom's CEO Hribar steps down; CFO Moat takes on interim CEO role

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 sign off on AT&T buyout by big margin

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 shareholders give thumbs up for AT&T merger

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 Sheriff to retire as BCE completes company privatization

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).

OTT revenues, driven by advertising, on track to reach $42.3B by 2020, study says

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.

Starz meets with Murdoch, Fox to discuss possible acquisition

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.

SCTE re-elects Suddenlink's Cordova as board chair

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.

AT&T-Chernin JV Otter Media officially buys Fullscreen for reported $200-$300M

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 Telecom hits $1B annualized revenue mark

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.