Digital creation, production and distribution technology has of course been in the vanguard of radio developments, but there are two major strands of commercial relevance today. Global standards for DAB(Digital Audio Broadcasting) and DMB(Digital Multimedia Broadcasting) are gradually leading to the creation of a new DAB industry in many countries across the world, but there are many commercial and standards issues which may slow adoption. By contrast, the broadcast of radio over IP is growing dramatically, with many radio stations now also using the web to have interactive dialogues with listeners.
BankInvest, the Danish investment group has joined Amadeus Capital and 3i to invest a total of $18m (£10m) in Nujira, the Cambridge,UK based technology company which makes high-efficiency power amplifier technology for radio transmitters. The company was awarded a Red Herring 100 Europe award last year, given to the top 100 private technology companies based in Europe, the Middle East and Africa.
Michelle Wong, 15 September 2008
The Indian media company Bennett, Coleman & Co, which owns the Times of India newspaper, has acquired Virgin Radio in the UK for $106 million. SMG, the Scottish broadcasting company which owns Virgin Radio (it bought the company in 2000), sold the national AM licence and FM London licence to...
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Sarita Jones, 10 June 2008
Virgin Radio is re-branding as Absolute radio, in the biggest change so far by its new owner Times of India since it bought the station for £53m from SMG in June 2008. The re-branding follows a decision by Times of India not to continue licensing the Virgin brand, which reverts to its owner...
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Sarita Jones, 03 September 2008
CBS, the US broadcast network, is paying $1.8bn in cash to acquire CNET Networks, a technology and entertainment website operator. CNET was one of the last of the major independent internet content providers, and the sale price left some experts questioning whether CBS is overpaying to make up...
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Michelle Wong, 16 May 2008
Adify the white-label online ad network, has been acquired by Cox Enterprises, for about $300 million, in an all-cash deal. Adify which was founded in 2005, had raised a total of $27 million in development funding and made about $7 million in revenues in 2007.
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Sarita Jones, 01 May 2008