Panasonic to cut investments in flat screen television business
Japanese consumer electronics manufacturer Panasonic has announced that they are going to reduce their spendings on the flat screen television operations.
The company also said that they are planning to withdraw from unprofitable businesses as the economic slowdown is affecting their bottom line badly.
A lot of companies [...]
AT&T to offer DirecTV’s services
US based telecom giant AT&T has announced that they are soon going to start offering DirecTV’s services.
This would enable them to compete against current partner Dish Network.
AT&T would offer DirecTV services as part of their Advanced TV service.
Their contract with Dish Network ends in January next year.
Market analyst [...]
Godrej Appliances launches EON range of XLCDs
Godrej is one of the most trusted consumer brands in the Indian market.
The company has now entered into the color television market with the launch of their EON range of XLCDs.
Kamal Nandi, vice-president (sales and marketing), Godrej Appliances said that the Indian market is now ready for higher end [...]
BBC fined for fake phone-in contests
UK’s Office of Communications (Ofcom) has fined BBC for misleading its audiences with several instances of faked phone-in contests.
The fine is worth around $793,000.
Ofcom said in a statement on this development: “The BBC deceived its audience by faking winners of competitions and deliberately conducting competitions unfairly.”
The shows which were found [...]
Microsoft to acquire Navic Networks
Software giant Microsoft might have failed to acquire Yahoo but they are pursuing companies in other fields.
They are now acquiring the privately held digital television advertising company Navic Networks.
The two companies did not reveal the financial aspects of this acquisition deal.
Microsoft said that this newly acquired entity would now become a [...]
Verizon Communications to give discounts to wireless customers
Verizon Communications has revealed that they would now offer discounts to their wireless customers who apply to get Internet or TV services from them.
Until now these discounts were only provided to their landline customers.
The company is all set to launch a Flex Double Play bundle which would offer [...]
Philips to stop making televisions in USA
Royal Philips Electronics has announced that they are no longer going to manufacture television sets in the US market.
Their TV sets would now be manufactured under license by Funai Electric for at least five years.
Funai already offer several other brands in the market including Emerson, Sylvania, and Symphonic.
Philips [...]
Nielsen acquiring IAG Research
Market research and media services provider Nielsen has announced that they are now acquiring IAG Research.
IAG Research specializes in providing television and Internet audience research services.
The acquisition deal is worth around $225 million and it would boost the media business services provided by Nielsen.
Nielsen added in its statement that they are going [...]
NewsX channel launched by INX Media
India media company INX Media has announced the launch of their news channel named NewsX.
The company said that NewsX would be a 24-hour English news channel.
They already operate two other television channels:
9XM: dedicated to music
9X: dedicated to Hindi entertainment content
NewsX would now compete with other English channels in the Indian [...]
Fujitsu exiting from plasma television industry
Japanese company Fujitsu group has announced that they are now exiting from the plasma televisions segment of the market.
They introduced this technology to the world but it has failed to compete with other existing technologies in the market.
The company said that they are forced to exit from this market as [...]
