Dortmund director We dont care what Hoeness thinks

first_imgMichael Zorc believes Uli Hoeness’ claim that Borussia Dortmund are favourites for Saturday’s game against Bayern Munich is irrelevantDortmund head into this weekend’s ‘Der Klassiker’ hoping to maintain their unbeaten start in the Bundesliga and extend their lead at top of the standings.Bayern president Hoeness claimed earlier this week that Dortmund enter the game as the clear favourites.But Dortmund sporting director Zorc is uninterested in what Hoeness thinks.“It doesn’t matter what is being said before such a game,” said Zorc in a press conference on YouTube.borussia dortmund, marco reus, jadon sancho, paco alcacerReport: Dortmund hammer four past Leverkusen George Patchias – September 14, 2019 Borussia Dortmund put four past Bayer Leverkusen.Borussia Dortmund leapfrogged Bayern Munich to claim second place in the Bundesliga. After handing out a 4-0 thrashing of…“The favourites aren’t 1-0 up from the start of the game. Of course, we noticed that (Hoeness’ comments), but we don’t care.“We’re enjoying the situation at the moment and feel we have a good reason to approach the game with confidence.”Dortmund coach Lucien Favre also made it clear that he expects a difficult game against Bayern.The Bundesliga match between Dortmund and Bayern will begin at 18:30 (CEST) at Signal Iduna Park.last_img read more

Time Inc is Really Really Excited About Tablets

first_imgMagazine publishers are jumping on the Apple iPad app bandwagon in droves and arguably for good reason. It’s a sleek, nifty device that not only has captured the attention and imagination (and dollars) of consumers but also is a vibrant new platform for distributing content.At Time Inc.—which already has launched apps for Time and Entertainment Weekly—the vibe among upper management is of sheer enthusiasm. By upper management, I’m referring specifically to CEO Ann Moore. During parent company Time Warner’s “Investor Day” Thursday, Moore updated attendees on the division’s recent performance (it reported an operating income of $50 million during the first quarter 2010, versus a loss of $32 million during the same period last year) and gushed about providing paid content through mobile and portable devices. In addition to the Time and Entertainment Weekly apps, Moore said the company is readying several more from its other magazine brands, including a People app and food, beauty and cleaning apps for Real Simple.Here’s a sampling of soundbites from Moore’s presentation and the Q+A session that followed, in no particular order:At my lunch table today, I was shocked that not one of you had an iPad.We see the next flood of new portable color touchscreens headed to market in the next 18 months as a game changer. It will be the opportunity that content producers like Time Inc have been waiting for to reestablish value for quality digital content. It’s argued that it will be impossible to get consumers to pay for digital content since they’ve grown up getting everything for free. We disagree.It’s become increasingly clear that customers will pay for trusted quality content that’s easy to access and fairly priced.The tablet restores something we lost when we went to the Web. Our readers can once again literally touch our content while still having that familiar “lean back” experience of a magazine. In real time, they can link in instead of linking out to the rest of the story on Time.com.We’ve spent decades perfecting the craft of making magazines. Now we can apply all that experience to the new virtual magazine, letting consumers feast on incredible images … as well as the stories behind them with just a little flick.The advertising can be so good it can become content itself. It can help you evaluate products. And when you’ve made your decision it can help to find you a place to buy them.As more and more hardware manufacturers come in with these e-readers there is just huge demand for our product, for our video product, for my print product—it’ll all be combined. We think very healthy business models will be coming out of it. We’ll be making more money in those businesses than we’ve been making with our traditional dot-coms.We have a great deal of work to do over next 12 to 18 months, to develop business models, evolve products and talk to consumers and advertisers.People are paying. We know people will pay for it … it’s a business model that is just really very delicious.Oh, and one other thing that came up during Time Warner’s Investor Day: the possibility of a Time Inc. sell-off. Company chairman and CEO Jeff Bewkes said (again) that it won’t happen, indicating that it is in an “attractive” position in relation to the competition and in a good growth mode for 2010. “It’s a good business, and we’re good at it,” he said.last_img read more

Rogers Media Cuts 60 Staffers Shutters LouLou Magazine

first_imgWhile the news and general interest-focused L’actualité remains on the block, both the English and French editions of LouLou will cease publication after their respective December issues.Moreover, English-language magazines Flare, Sportsnet, MoneySense, and Canadian Business will all go digital-only in 2017, leaving Hello! Canada, the two editions of Chatelaine, scaled-back versions of Maclean’s and Today’s Parent, and yet-unsold B2B titles Advantages and Advisor’s Edge as Rogers’ only remaining magazines in print.Like its counterparts south of the border, Rogers Media, which was to this point the largest magazine publisher in Canada in terms of both revenue and total readership, has been faced with mounting pressure to offset losses on the print side of the business by further investing in its digital properties.“It’s been clear for some time now that Canadians are moving from print to digital, and our job is to keep pace with the changes our audiences are demanding,” said Steve Maich, SVP of digital content and publishing, in a September statement. “We are so much more than a collection of magazine brands, and we’ve seen rapid growth on our digital platforms over the past few years. Now is the time for us to accelerate that shift.”This is a developing story. Rogers Media’s intent to exit both the B2B and French-language magazine businesses, revealed in September, left anxious staffers waiting for the other shoe to drop.Two weeks ago, the Toronto-based publisher’s sale of its B2B titles to Chicago-based EnsembleIQ seemingly left the staffs of those magazines, including Canadian Grocer and The Medical Post, unscathed.Employees at Rogers’ French-language titles aren’t so lucky.At least sixty staffers have been laid off at Châtelaine, L’actualité, and LouLou — three of the five most widely read French-language magazines in North America, according to data from the Alliance for Audited Media — several Canadian outlets reported yesterday.The sweeping cuts come alongisde announcements that Rogers will in fact retain ownership of women’s lifestyle magazine Châtelaine and its English-language sister title, but will slash the frequency of both from 12 to six issues per year.last_img read more

SCHOOL COMMITTEE NEWS Big Issues To Be Discussed At Tonights Meeting September 12

first_imgWILMINGTON, MA — The Wilmington School Committee meets this Wednesday, September 12, 2018 at 7pm in the Large Instruction Room at Wilmington High School. An Executive Session precedes the meeting at 6:30pm.There are some newsworthy items on the agenda, including:The School Committee will consider approving a new homework policy for the district. (The School Committee previously approved first and second readings of the policy in June and August.)The School Committee will consider approving a new 3-year contract for the School Nurses (September 1, 2018-August 31, 2021). Committee members will meet in Executive Session prior to the meeting to discuss.The School Committee will receive a presentation on the Coordinated Program Review’s Corrective Action Plan.The School Committee will consider approving the Student Activity Accounts for the 2018-2019 school year.The School Committee will receive a draft calendar of the budget process from Superintendent Glenn Brand.The School Committee will conduct a “first reading” of the Superintendent’s goals.The School Committee will receive a report on the district’s summer professional development efforts.The School Committee will be introduced to new staff members.The School Committee will receive an update on fall athletics.The School Committee will discuss its operating protocols.The School Committee will receive a report from the Superintendent, plus subcommittee reports and any public comments.The meeting will be telecast live by Wilmington Community Television on WCTV-E — Channel 99 on Comcast and Channel 39 on Verizon.  The meeting will also streamed on WCTV’s website HERE.Wilmington Apple intends on reporting on many of the items above – and any other news that comes from the meeting.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedSCHOOL COMMITTEE NEWS: Homework, Bullying, Vaping, Grants, Gymnastics & More To Be Discussed At June 12 MeetingIn “Education”SCHOOL COMMITTEE NEWS: Big Issues To Be Discussed At Wednesday’s Meeting (August 29)In “Education”SCHOOL COMMITTEE NOTEBOOK: 5 Things That Happened At Recent School Committee MeetingIn “Education”last_img read more

NBCUniversal streaming service to launch in April

first_img Now playing: Watch this: Share your voice Top 5 unanswered questions about Apple TV Plus 1 50 Photos Comment 2:21 2019 TV shows you can’t miss NBCUniversal is working on its own streaming service.  SOPA Images/Getty NBCUniversal, a streaming service from Comcast, will launch in April, NBCUniversal CEO Steve Burke said during a Comcast earnings call Thursday.The service, which will reportedly be ad-supported, has been expected and caused some consternation among fans of The Office, when it was announced in June that the show would be leaving Netflix for the NBC platform in 2021.There’s no shortage of companies getting into the streaming business. Both Apple and Disney, for instance, are working on platforms. Originally published at 7:09 a.m. PT.Update 7:20 a.m. PT: Adds additional information about streaming platforms. Tags Digital Medialast_img read more

Sreesanths wife Bhuvaneswari reacts on Supreme Courts order to set aside BCCIs

first_imgFans of S Sreesanth are all in a state of ecstasy after Supreme Court ordered the BCCI to cancel the life ban of Sreesanth for his alleged involvement in the match-fixing scandal. The Supreme Court also asked the cricket board to reconsider Sreesanth’s punishment within the next three months. It should be also noted that the court rejected Sreesanth’s request that he should not be punished by any means, as he was acquitted in the spot-fixing case.In the wake of these new developments, Bhuvaneswari, Sreesanth’s wife said that the cricketer has finally got justice. In a recent interaction with media, Bhuvaneswari revealed that she is quite happy about the fact that the honourable Supreme Court has revoked the life ban of her husband.”Thank you so much for praying. I am very happy with the Supreme Court decision. The ban has been revoked. Finally, he has got justice. I now really hope that BCCI too will do justice to him. Supreme Court had given three months time to decide the quantum of the punishment. So I hope they do the justice, and you all again pray for us,” said Bhuvaneswari during the talk.Bhuvaneswari also revealed that Sreesanth is regularly practising to make a strong comeback to the cricket field. She added that the cricketer was injured on his forehead around three months back while practising.After Supreme Court revoked the life ban, Sreesanth admitted that he is already aged 36, and he has only four or five years remaining in International cricket. However, Sreesanth admitted that it is pretty difficult to get into the Kerala cricket team due to heavy competition. He added that he will play cricket one day or the other, and made it clear that he has been vigorously practising for the past six months. During the talk, Sreesanth also revealed that he will try to play the Scottish League in the near future.last_img read more

Russia assures no more US strikes against Assad regime

first_imgSyria’s presidential advisor Buthaina Shaba’an said on Wednesday that her government’s main ally, Russia, assured the Syrian government that there will be no more US strikes on Syrian military positions.Her remarks came a couple of weeks after the US launched 59 Tomahawk missiles on the Shayrat Air Base in central Syria, in retaliation for an alleged toxic gas attack by the Syrian army on a rebel-held town in Idlib province, Xinhua news agency reported.The Russians “stressed to us that they are standing by Syria, and we understood from them that the American aggression will not be repeated,” Shaba’an told pan-Arab al-Mayadeen TV in an interview.Further slamming the strike, Shaba’an said the US missile strike was a “reckless aggression that took place without investigation,” adding that what the United States is doing today reflects “confusion.”The official said that the alleged chemical attack was a setup, citing what she described as western specialists as saying that there was no aerial bombardment on the targeted area in the Khan Sheikhoun town.Shaba’an said the US strike wasn’t a military, but a political message, adding that the alliance between Russia, Syria and Iran is “stronger than ever.”Meanwhile, the presidential advisor said that the US is in a state of declination, while Russia, China and India are rising high.She said her country was expecting an investigation team from the Organization for the Prohibition of Chemical Weapons (OPCW), stressing that the Syrian government is in no possession of chemical weapons.last_img read more

US vows to make North Korea rich if it gives up nukes

first_imgUS Secretary of State Mike Pompeo, left, shakes hands with North Korean leader Kim Jong Un during a meeting at Workers` Party of Korea headquarters in Pyongyang, North Korea on 9 May. Photo: APThe United States promised Friday that it would work to rebuild North Korea’s sanctions-crippled economy if Kim Jong Un’s regime agrees to surrender its nuclear arsenal.Secretary of State Mike Pompeo’s vow came as senior US officials expressed growing optimism ahead of the landmark 12 June summit between Kim and president Donald Trump.Pompeo, who held talks Pyongyang’s young leader over the weekend, even said “we have a pretty good understanding between our two countries about what the shared objectives are.”He was speaking after talks with his South Korean opposite number Foreign Minister Kang Kyung-wha to coordinate Washington and Seoul’s preparations for the historic encounter.Many observers have warned Kim’s regime will try to drive a wedge between the allies as the summit approaches, playing Seoul’s fear of war against Washington’s nuclear concerns.But both Kang and Pompeo insisted that they agreed on the need for the “total, permanent and verifiable” denuclearization of the divided peninsula.Trump and South Korea’s President Moon Jae-in are due to meet on 22 May at the White House for the next round of planning.Pompeo said the United States would remain on board to help develop the North’s economy, which has been devastated by its own mismanagement and crippling international sanctions.“If North Korea takes bold action to quickly denuclearize, the United States is prepared to work with North Korea to achieve prosperity on par with our South Korean friends,” he said.Since an ad hoc 1953 armistice put an end to active hostilities between the North and the South, South Korea has emerged from devastation to become a leading world economy.‘Good conversations’But the North has remained one of the world’s most isolated states and its outdated economy has been further battered by a UN-backed “maximum pressure” campaign of sanctions.Over the past year Kim and Trump have added a personal touch to a half-century of international enmity, swapping insults and both openly threatening devastating direct military action.Kim’s regime also carried out missile tests that convinced US intelligence officials, including Pompeo in his former role as CIA chief, that North Korea could threaten US cities.But South Korea’s president Moon reached out to the North, reopening direct talks, and when Kim invited Trump to a summit to discuss disarmament the mood changed.Pompeo flew to Pyongyang for talks and to recover three released American detainees, and now a summit date has been set for 12 June in Singapore.“We had good conversations, conversations that involve deep complex problems, challenges, strategic decisions that chairman Kim has before him,” Pompeo said.The pair, he said, talked “about how it is he wishes to proceed and if he’s prepared, in exchange for the assurances that we’re ready to provide him, if he is prepared to fully denuclearize.“We’ll require a robust verification program, one that we would undertake with partners around the world which would achieve that outcome,” he warned.But he added: “I’m confident that we have a shared understanding of the outcome that the leaders want, certainly President Trump and chairman Kim, but I think President Moon as well.”South Korea’s Kang shared in Pompeo’s optimism and was at pains to insist that there is no daylight between how Washington and Seoul are approaching the talks.“We agreed that the summit would be an historic opportunity for resolving the North Korean nuclear issue, and securing enduring peace on the Korean peninsula,” she said.“We reaffirmed that our goal is to achieve the complete, verifiable and irreversible denuclearization on the Korean Peninsula,” she added, promising “air-tight” coordination.Carrot and stickPompeo’s promise of an economic carrot to match the stick of “maximum pressure” may reassure observers who are concerned that Seoul and Washington’s objectives are not exactly aligned.“There’s a danger here of the peace track moving more quickly than the denuclearization track,” warned Abraham Denmark, an Asia expert and former senior US defence official.“If that happens, it could give North Korea an opportunity to try to drive a wedge between Seoul and Washington,” said Denmark, now at the Wilson Centre think tank in the US capital.Former secretary of state Condoleezza Rice offered three recommendations to Trump: allow experts to make the deal, don’t negotiate away the “equities” of others including Japan and South Korea, and “don’t be anxious to remove American troops from the equation.”“If we can hold to those three principles, this might work,” Rice said at Stanford’s Hoover Institution.So far, the North Korean regime has made vague pledges to “denuclearize” but has not spelled out what that means, when it would happen or how it would be implemented.In North Korea’s bombastic rhetoric, “denuclearization” has, for years, been a byword for US troop withdrawals from South Korea-an idea that Kang appeared to reject.After her talks with Pompeo, she took pains to “emphasize again that the US military presence in Korea is a matter for the ROK-US alliance first and foremost.”Hardliners in the North are believed to see a nuclear weapon as a guarantee against outside efforts to topple the regime, but Trump insists he will not tolerate their growing arsenal.last_img

N Korea says still open to talks

first_imgThis combination of pictures created on 24 May 2018 shows US president Donald Trump speaking to the media as he makes his way to board Marine One at the White House on 23 May 2018 in Washington, DC, and an undated picture released from North Korea`s official Korean Central News Agency (KCNA) on 18 May 2018 of North Korean leader Kim Jong-Un speaking while attending the first Enlarged Meeting of the 7th Central Military Commission of the Workers` Party of Korea (WPK) in Pyongyang. Photo: AFPNorth Korea responded on Friday with measured tones to US president Donald Trump’s decision to call off a historic summit with leader Kim Jong Un scheduled for next month, saying Pyongyang hoped for a “Trump formula” to resolve the standoff over its nuclear weapons programme.On Thursday, Trump wrote a letter to Kim to announce his withdrawal from what would have been the first-ever meeting between a serving US president and a North Korean leader in Singapore on 12 June.“Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it would be inappropriate, at this time, to have this long-planned meeting,” Trump wrote.Trump’s announcement came after repeated threats by North Korea to pull out of the summit over what it saw as confrontational remarks by US officials.Friday’s response by North Korean vice foreign minister Kim Kye Gwan was more conciliatory, specifically praising Trump’s efforts.“We have inwardly highly appreciated president Trump for having made the bold decision, which any other US presidents dared not, and made efforts for such a crucial event as the summit,” Kim said in a statement carried by state media.“We even inwardly hoped that what is called “Trump formula” would help clear both sides of their worries and comply with the requirements of our side and would be a wise way of substantial effect for settling the issue,” he said without elaborating.North Korea has sharply criticised suggestions by Trump’s national security adviser John Bolton and vice president Mike Pence that it could share the fate of Libya if it did not swiftly surrender its nuclear arsenal. Libyan leader Muammar Gaddafi was deposed and murdered by NATO-backed militants after halting his nascent nuclear programme.Trump had initially sought to placate North Korea, saying that he was not pursuing the “Libya model” in getting the North to abandon its nuclear weapons program. White House press secretary Sarah Huckabee Sanders also said: “This is the president Trump model. He’s going to run this the way he sees fit.”Kim Kye Gwan said its recent criticisms against certain US officials had just been a reaction to unbridled American rhetoric, and that the current antagonism showed “the urgent necessity” for the summit.“His sudden and unilateral announcement to cancel the summit is something unexpected to us and we cannot but feel great regret for it,” Kim Kye Gwan said, while noting that North Korea remained open to resolving issues with Washington “regardless of ways at any time”.“The first meeting would not solve all, but solving even one at a time in a phased way would make the relations get better rather than making them get worse. The US should ponder over it,” Kim said.Nuclear Site DecommissionedTrump’s letter came just after North Korea announced it had completely dismantled its Punggye-ri nuclear test facility “to ensure the transparency of discontinuance of nuclear test”.Footage of the event broadcast by South Korean media showed explosions throwing huge clouds of dust and debris as they destroyed tunnel entrances as well as multiple wooden structures around the site.Other images showed North Korean officials displaying a map of the site, including several major tunnel complexes they said were unused and completely operational prior to being collapsed.Analysts worried the cancelling of the talks could prompt resumption in hostilities on the Korean peninsula, including renewed shorter-range missile tests or stepped-up cyber-attacks by Pyongyang and increased sanctions or deployment of new military assets by Washington.Trump, in scrapping the 12 June summit in Singapore, sounded a bellicose note, warning Kim of the United States’ greater nuclear might, reminiscent of the president’s tweet last year asserting that he had a “much bigger” nuclear button than Kim.Speaking later, Trump said the US military stood ready if Kim were to take any “foolish” action, and that the United States would continue its “maximum pressure” campaign of sanctions to press North Korea to give up its nuclear weapons.South Korean president Moon Jae-in, who worked hard to help set up the summit and urged Trump at a White House meeting on Tuesday not to let a rare opportunity slip away, said he was “perplexed” by the cancellation. He urged Trump and Kim to talk directly.US secretary of State Mike Pompeo and his South Korean counterpart, Kang Kyung-wha, held a phone call and agreed to continue working towards creating the right conditions for the United States and North Korea to talk, the South’s foreign ministry said in a statement on Friday.Pyongyang had not responded in recent days to queries by the United States about the leaders’ summit, Pompeo told a Senate hearing.Japanese Foreign Minister Taro Kono said Tokyo understands Trump’s decision to cancel the Singapore summit, Kyodo News reported.“It’s meaningless to have talks that don’t achieve results,” Kono told reporters on a visit to Mexico City, the news agency said.Japanese defence minister Itsunori Onodera also played down the significance of the cancelled meeting.“The important thing is not the US-North Korea meeting itself, but that the meeting becomes an opportunity to move forward in the issues of denuclearisation and abductions,” he told reporters in Toyko.last_img

Kashmiri students flee Indian backlash

first_imgCongress party leader and workers perform a religious ritual to pay tribute to the Central Reserve Police Force (CRPF) personnel killed on February 14 during an attack on a CRPF convoy in the Lethpora area of Kashmir, at a temple in Amritsar on 19 February 2019. Photo: AFPJunaid Ayub Rather cowered alongside 30 other students in a small room for two nights while mobs chanted for their blood outside, before finally escaping the rage sweeping India after last week’s suicide bombing in Kashmir.Similar scenes have played out across the nation as Kashmiris living away from home flee violent reprisals following the latest attack in the restive Himalayan region, which killed at least 40 Indian paramilitary soldiers.Rather said angry crowds gathered outside hostels and apartments rented by Kashmiri students in Dehradun, north of New Delhi, shouting for the “traitors” and “terrorists” hiding inside to be shot.”It took us four days to reach home in Kashmir with some help from police and a Muslim businessman,” Rather, who had lived in the northern city for two years, told AFP after reaching his home south of Srinagar.”Thirty of us slept in one room for two nights before we could mobilise help to flee.”The businessman let them take refuge in his home until buses could be organised to get them to safety.Around 11,000 Kashmiri students enrol at Indian universities outside their home state each year.Many are now clamouring to return home to a region battle-scarred by 30 years of civil war, fearing violent attacks if they stay.Video footage of Kashmiris being beaten and taunted in Indian cities has been widely shared on social media, while rightwing Hindu groups and pundits on TV news channels have encouraged reprisals.A professor from New Delhi’s Jawaharlal Nehru University this week publicly called for the execution of 40 Kashmiris to avenge the suicide bombing, while two other colleges announced they would no longer accept students from the territory.Distress callsMore than 500 students, along with 100 businessmen, have already arrived back in Kashmir to flee a “climate of fear and intimidation across India”, said Kashmir Traders and Manufacturers Federation chief Mohammad Yasin Khan.More were on their way, he told AFP.”We are continuously receiving distress calls from all kinds of people asking for help,” Khan said.Some Kashmiri students have also been suspended by Indian universities for allegedly posting insensitive comments on social media about the suicide attack, while others have been arrested on sedition charges.India’s interior ministry has ordered state governments to protect Kashmiri students — but several political leaders have also stoked aggressive anti-Kashmir sentiment since the bombing.”Don’t visit Kashmir … Boycott everything Kashmiri,” Meghalaya state governor Tathagata Roy wrote on Twitter.More than 500,000 Indian troops are stationed in Kashmir, a territory administered by New Delhi but also claimed by neighbouring Pakistan.The two countries have battled three wars for control of the region, while an assortment of local insurgent groups have fought for a merger with Pakistan or outright independence.Last week’s suicide attack was claimed by the Jaish-e-Mohammad (JeM) militant group, based in Pakistan.India has long accused Islamabad of giving official backing to Kashmiri rebel groups.Prime minister Narendra Modi, who faces an election in the coming months and is under pressure to take a tough stand on militants, has promised those responsible for the bombing “will pay a heavy price”.His Pakistani counterpart Imran Khan promised retaliation against any Indian attack on his country’s soil.last_img read more

Lightning kills two children

first_imgTwo children were killed and another was injured after being struck by lightning in Shaplapur union of Maheskhali upazila of Cox’s Bazar on Monday afternoon.The deceased were identified as Osman Goni, 13, and Sadia Akhter, 12, while the injured is Saima Akhter, 10, younger sister of Sadia.Mohammad Hossain, a member of Shaplapur union parishad, said a thunderbolt struck the trio around 5:30pm while they were grazing cattle at Moulvikata, leaving two of them dead on the spot and the other wounded.The injured was taken to Maheshkhali Health Complex, he said.last_img

Skype From Startup to 85B in Eight Years

first_img Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Tech giant Microsoft Corp. announced this week that it plans to buy internet calling service Skype for a whopping $8.5 billion in cash. But this isn’t the first time a company has ponied up major dollars for Skype since it was founded by two European entrepreneurs more than eight years ago.A quick history of the company and its founders follows.Aug. 2003: Niklas Zennstrom and Janus Friis, the entrepreneurs who founded file-sharing service Kazaa in the early 2000s, start a service that allows users to make voice calls over the Internet. They call the Luxembourg-based business Skype. Oct. 2005: After gaining traction with users, Skype is purchased by eBay for approximately $2.5 billion, plus potential performance-based consideration.April 2006: Skype says it has reached more than 100 million registered users — nearly double the users it had the previous year.May 2007: Zennstrom and Friis launch peer-to-peer online TV service Joost. The pair are said to raise as much as $45 million in funding.Oct. 2007: Zennstrom steps down as CEO of Skype, becoming nonexecutive chairman. In 2007, Skype generates $382 million in revenues and claims to have 276 million users. However, eBay says it will incur a $1.4 billion “impairment” due, in part, to a $530 million earn-out payment to Skype shareholders.Feb. 2008: Replacing Zennstrom, eBay names Shopping.com CEO Josh Silverman as chief executive of Skype.March 2009: Skype is expected to double its revenue to more than $1 billion in 2011, eBay says.Nov. 2009: Following an announcement the previous month, eBay officially sells a 70 percent stake of Skype to an investor group led by private-equity firm Silver Lake Partners and others including venture-capital firm Andreessen Horowitz. Founders Zennstrom and Friis join the investor group. Separately, Zennstrom and Friis sell Joost to Santa Monica, Calif.-based content network Adconion Media Group for an undisclosed amount.June 2010: Zennstrom and Friis launch online jukebox service Rdio. August 2010: Skype files for an initial public offering, reportedly seeking to raise as much as $1 billion. The company says it generated more than $406 million in revenues through the first half of the year.Oct. 2010: Tony Bates, a former Cisco Enterprise, Commercial and Small Business Group senior vice president and general manager, is named Skype’s CEO.May 2011: After delaying its IPO, rumors begin to fly. Facebook and Google are said to separately consider buying Skype: A deal is said to be valued at $3 billion to $4 billion.Not long after, Microsoft swoops in and agrees to buy the company for $8.5 billion in cash. Skype says it had 170 million users who racked up more than 207 billion minutes of voice and video conversations in 2010.The investor group that sold Skype to Microsoft is said to pull in a total capital gain of more than $5 billion on the sale. Register Now » May 12, 2011 Growing a business sometimes requires thinking outside the box. min readlast_img read more

Israeli satellite operator Spacecom is to be sold

first_imgIsraeli satellite operator Spacecom is to be sold to China’s Beijing Xinwei Technology Group for US$285 million (€253 million) in a deal that values the operator of the Amos satellites at a significant premium to its average stock price for the last month.Under the terms of the deal, the Chinese conglomerate will reportedly take on ILS1.478 billion in debt (€347 million). Spacecom’s majority owner is Eurocom, Israel’s largest privately owned communications group.Under the agreement, which reportedly could face regulatory hurdles in Israel, Spacecom will be under the control of Israel-domiciled company Big Bird, led by a former head of the communications arm of the Israel Defence Force. The company is a wholly-owned subsidiary of Beijing Xinwei-owned, Luxembourg-based Luxembourg Space Telecommunications.Telecom group Beijing Xinwei is led, as chairman and CEO, by Chinese billionaire Wang Jing. The group is known to have close ties to Great Wall Industry, China’s main space industry group, and is involved in plans to launch a group of low-Earth orbit satellites to enable mobile communications in China following a move in 2014 by the Chinese State council to open the country’s telecommunication infrastructure to private investors. It has also reportedly been involved in satellite plans in a number of international markets, including in Latin America.“The global market for communications satellites is undergoing a consolidation process, enabling the merging companies to improve their competitiveness,” said Spacecom CEO David Pollack in a statement.“Beijing Xinwei is a strategic partner, expert in the field of telecommunication, planning to expand its business the communication satellites field, The merger will provide the company with financial strength and will enable further development and growth.”Major General (Res.) Ami Shafran, representative of Beijing Xinwei Group said: “The impressive accomplishments and capabilities of Space Communication is well known in the industry. The merger perfectly fits the Group’s moves to expand its operations in the worldwide communications market. At the same time, the transaction will provide to Space Communication financial stability and will boost its growth”.last_img read more

The VOD360 study from Médiamétrie has shown that o

first_imgThe VOD360 study from Médiamétrie has shown that over the last twelve months only 20% of French viewers claimed to have used an SVOD service at least once.The study, which was conducted online from 27 December 2017 to 15 January 2018, shows that SVOD use among the 4,130 web users aged six and over is markedly lower than its counterparts in other territories such as the UK and US.This tallies with a recent Digital TV Research poll that found consumers in France were by far the least likely to have an SVOD subscription among 14 territories questioned. That report claimed France “continues to resist” subscription on-demand.The Médiamétre study showed two out of five (37%) of French internet users have said that they used a VOD or SVOD service to date. This is an 11% uptick to 2016, but is still a relatively low number.When it comes to spontaneously naming a VOD or SVOD service, 37% of those surveyed could do so.For VOD rental, 13% of the population indicated they has rented at least one video in the past 12 months, 2% higher than 2016.Only 8% of French internet users indicated that they has already purchased a VOD service.Among the top ten most followed SVOD series, there is a notable demand for American series, despite a desire by those surveyed to see more shows made in France. Fifty-six per cent of respondents said it was important for them to have an SVOD catalogue that contained French productions of films and series.last_img read more