Altice grows EU footprint, Facebook preps $200 VR headset & on-demand audio soars: this week in media

Altice grows EU footprint, Facebook preps $200 VR headset & on-demand audio soars: this week in media

Altice expands in Portugal

Altice is set to acquire leading Portuguese commercial broadcaster Media Capital Group from Prisa for an enterprise value of €440 million.  Read more on DigitalTVEurope >>

Facebook due to launch new $200 Oculus headset

Facebook targets mass market VR by launching a new wireless Oculus headset at a $200 price point.  Read more on Bloomberg >>

Facebook: 94% of TV viewers watch with phone in hand

Some 94% of US TV viewers keep their smartphone in hand while watching TV, according to research by Facebook IQ.  Read more on Facebook IQ >>

Orange pledges €100m for content creation

Orange has pledged to spend €100 million over the next five years creating TV content, as it launched its new Orange Content division.  Read more on DigitalTvEurope >>

On-demand audio streaming hits record high

Audio streaming hit a high point of 7.5 billion weekly streams during the week ending March 9, 2017. That’s the first time the figure had ever topped 7 billion, setting a new record - 62.4% higher than last year.  Read more on TechCrunch >>

Reddit valued at $1.8 billion, Guardian stems losses & Facebook revenues rocket: this week in media

Reddit valued at $1.8 billion, Guardian stems losses & Facebook revenues rocket: this week in media

Google automates local news journalism, Snapchat Discover expands in France & Facebook subscriptions set to launch: this week in media

Google automates local news journalism, Snapchat Discover expands in France & Facebook subscriptions set to launch: this week in media