Comcast bids for Sky, Trinity Mirror name change & Swiss vote for licence fee: this week in media

Comcast bids for Sky, Trinity Mirror name change & Swiss vote for licence fee: this week in media

Comcast makes £22 billion bid for Sky

Comcast is attempting to gatecrash Rupert Murdoch’s takeover of Sky, submitting a rival offer (16% higher) to the UK broadcaster’s shareholders worth about £22bn.  Read more on Guardian here >>

Kylie Jenner wipes $1 billion off Snap’s share price

Shares of the Snapchat parent company sank 6.1 percent on Thursday, wiping out $1.3 billion in market value, on the heels of a tweet  from Kylie Jenner.  Read more on Bloomberg here >>

Mirror proposes new name after Northern & Shell merger

Trinity Mirror is proposing to change its name to Reach, reflecting its £127m acquisition of the Express owner Northern & Shell, as it announces 12% revenue fall.  Read more on CityAM here >>

Switzerland votes to keep licence fee

The Swiss public has voted 71% in favour of keeping the TV and radio licence fee in a vote at the weekend.  Read more on DigitalTVEurope here >>

SVOD content spend climbs from $5.5bn to $13bn

Between 2013 and 2017 the amount invested in content by the major three SVOD platforms increased from US$5.5 billion to US$13 billion with “no signs of slowing”, according to Parrot Analytics.  Read more on DigitalTVEurope here >>

Apple acquires digital news asset, Rubicon Project axes 100 staff & NME closes print magazine: this week in media 

Apple acquires digital news asset, Rubicon Project axes 100 staff & NME closes print magazine: this week in media 

MTG sells off its Bulgarian assets, Google Chrome ad blocker launches & CNN global digital lay-offs: this week in media

MTG sells off its Bulgarian assets, Google Chrome ad blocker launches & CNN global digital lay-offs: this week in media