New Bill Could Change DoddFrank Regulations for Community Banks

first_img in Daily Dose, Featured, Government, Headlines, News Share Community Bank Regulations Dodd-Frank 2017-09-29 Joey Pizzolato New Bill Could Change Dodd-Frank Regulations for Community Bankscenter_img September 29, 2017 579 Views A new bipartisan bill was introduced recently that would allow the Federal Reserve to exempt smaller banks from standard bank oversight restrictions.The bill was introduced by Senator Claire McCaskill (D-Missouri) and Senator David Perdue (R-Georgia), and aims to make “’commonsense fixes’ to financial rules, providing regulatory relief to small regional banks subject to unnecessarily overly-burdensome regulations put in place by the “Dodd-Frank” financial reform bill—rules that were never intended for banks that primarily engage in ordinary consumer banking practices,” according to Sen. McCaskill’s official press release. The bill would reduce regulations on regional banks with more than $50 billion in assets that would also have no global financial risk in the event of another market collapse.The bill rides on the coattails of Senator Blaine Luetkemeyer’s (D-Missouri) similar bill passed last year.“When even some of the architects of ‘Dodd-Frank’ agree the law is unnecessarily burdensome on regional banks, you know we’ve got a problem on our hands,” McCaskill said. “This is a commonsense fix that’ll untie the hands of our small regional banks and return to them the flexibility to lend to Missouri customers who want to buy a house, or start a business. I’m glad to join Congressman Luetkemeyer’s efforts to help get this bill across the finish line in the Senate.”Purdue stresses the importance of regional bank’s contribution to local economies.“Regional banks offer a lifeline to small businesses and entrepreneurs looking to create jobs,” Perdue said. “Dodd-Frank overregulated these banks by placing them into the same category as huge banks with a global reach. This sent these banks’ compliance costs through the roof and limited their ability to do what they do best—support their communities. This legislation would actually test banks for systemic risk rather than forcing banks to comply with an arbitrary figure.”Currently, under Dodd-Frank, all banks with assets over $50 billion are subject to the same regulations. The newly introduced bill aims to change that regulation.last_img read more

15yearold in hospital after injuring himself with fathers gun

first_imgA 15-year-old is being treated at a private clinic in Nicosia, it emerged on Tuesday, after he was injured the day before while playing with his father’s flobert rifle, which fell to the ground and went off.The bullet injured the 15-year-old from Peristerona on the right wrist and in the abdomen area, though the minor’s condition is not life-threatening.According to the police, information was received on Monday at around 6pm that a minor was transferred to a Nicosia private clinic.Searching the 15-year-old’s home, police concluded that the minor was injured when the hunting gun, registered in his father’s name, fell from the boy’s hands, after which it fired.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoYahoo SearchYou’ve Never Seen Luxury Like This On A Cruise Ship. Search Luxury Mediterranean CruisesYahoo SearchUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more

Rep Miller schedules town halls to discuss school retirement system

first_img State Rep. Aaron Miller of Sturgis has scheduled three town hall meetings to discuss Michigan’s school employee retirement system and other education-related topics.The schedule for the public forums:8 p.m. Wednesday, June 7: Three Rivers High School auditorium, 700 6th in Three Rivers.8 p.m. Thursday, June 8: Ross Beatty High School auditorium, 22721 Diamond Cove Road in Cassopolis.8 p.m. Thursday, June 15: Sturgis High School lecture hall, 216 Vinewood Ave. in Sturgis.Miller’s town halls come with legislation pending in the Michigan House that would close the Michigan Public School Employees Retirement System pension to new hires. New employees instead would go into a 401k-style plan identical to one for state workers. Retired and current school employees would not have to change their plans and their benefits remain intact.“I want to get input from the education community on this legislation,” said Miller, a former high school mathematics teacher and coach. “This is a great opportunity to converse in person on this subject and other education-focused topics important to southwest Michigan.”No RSVP is needed to attend the forums. 01Jun Rep. Miller schedules town halls to discuss school retirement system Categories: Miller News,Newscenter_img ###last_img read more

Hughes Rebekah Bletsch law will give victims a right to be heard

first_img23May Hughes: Rebekah Bletsch law will give victims a right to be heard Categories: Hughes News,News New law adopted after convicted murderer’s actions during Muskegon County case A new law requires convicted criminals to hear impact statements from victims or their families during sentencing hearings, state Rep. Holly Hughes announced today.The plan was submitted in response to a Muskegon County case where the convicted murderer of Rebekah Bletsch requested to leave the court before the victim impact statements. The new law will prevent such an action, allowing for a judge to have discretion if the offender is disruptive or a safety risk to anyone attending the court hearing.The legal requirement will be the Rebekah Bletsch Law.“Criminals in Michigan must now hear how their crimes affected their victims or a victim’s loved ones,” said Hughes, of Montague. “The family of a Muskegon County woman, who was a daughter, wife, mother, and sister was prevented from speaking about how a convicted murderer turned their lives upside down. They’ll be among the last families denied that right because Rebekah’s law will remind everyone that a victim’s rights to speak in court is not secondary to a convicted criminal.”Jessica Josephson and Debra Reamer, the sister and mother of Rebekah Bletsch, spoke before state House and Senate committees as the bill worked through the legislative process.“A part of my grieving process was taken from me in a horrible way,” Josephson said, during her testimony. “What is the point of an impact statement if I can’t speak to the person who has impacted me and destroyed my family? No other family should have to feel their words and their heartache don’t matter. Victims have a right to be heard and express their feelings to the individuals who caused it.”Hughes’ legislation updates the William Van Regenmorter Crime Victim Rights Act, which set the procedures currently used in Michigan courtrooms for protection of victims.“The individual who murdered Rebekah was also convicted of murdering Jessica Heeringa just last week. That monster should hear from both families on how his despicable actions broke hearts and tore lives apart,” Hughes said. “The one positive from all of this is that we have guaranteed that victims will be heard from now on.”House Bill 5407 is now Public Act 153 of 2018.last_img read more

Bellino Time to modernize boater safety certification system

first_img Categories: Bellino News 25Sep Bellino: Time to modernize boater safety certification system Plan unanimously approved by Michigan HouseState Rep. Joe Bellino’s plan giving Michigan boaters the option to present electronic proof of their boating safety certifications was unanimously approved today by the Michigan House.“The paper certificates boaters and jet-skiers are supposed to carry right now aren’t exactly waterproof, but many people have waterproof phone cases,” said Bellino, of Monroe. “It’s about time we bring the boating safety system into the 21st Century and give people the option to pull up proof of their certification on their phone.”Under the plan laid out in House Bills 5836, 5988 and 5989, boaters would be allowed to present electronic proof of their boater safety certificates when stopped by law enforcement. Officers would be able to take the boater’s electronic device to their vehicle or request the documentation be forwarded by email or text.Bellino, who introduced the plan alongside two of his colleagues, said search and seizure protections are included to prevent officers from looking through phones if they are handed over for e-proof verification.The procedures are similar to those laid out in laws enacted in 2016 and 2017 allowing drivers to present electronic proofs of their vehicle insurance and registration.The legislation now moves to the Senate for consideration.###last_img read more

Rep Hornberger will lead House Education Committee

first_img State Representative Pamela Hornberger, of Chesterfield Township, has been appointed to serve as chairwoman of the Michigan House Education Committee for the 2019-20 session.The second-term lawmaker, who served as vice chair of the committee last term, will continue to focus on policies that improve education for all of Michigan’s students and families.A former public school teacher, Rep. Hornberger taught K-12 art for 23 years in the East China Public School District and served six years as a Trustee on the Board of Education in the L’Anse Creuse Public School District.“We have an obligation to Michigan’s students and families to ensure tax dollars are spent to develop educated citizens.” Rep. Hornberger said. “Schools should have the freedom to decide how best to educate and families should have the freedom in our republic to decide what is best for their children.”Rep. Hornberger will also serve as the vice-chair of the appropriations subcommittee on School Aid and Education.“This dual role will allow the House to continue the flow of knowledge between policy and appropriations that greatly benefited our schools and citizens last term under Chairman Tim Kelly,” she said. “I’m humbled to have this unique opportunity.”Additionally, Rep. Hornberger has been appointed to serve on the Health Policy and the Elections and Ethics committees.Rep. Hornberger’s office can be reached at (517) 373-8931 or 18Jan Rep. Hornberger will lead House Education Committee Categories: Hornberger Newslast_img read more

Join Rep Schroeder for Facebook Live town hall on road funding

first_img07Jun Join Rep. Schroeder for Facebook Live town hall on road funding State Rep. Andrea Schroeder of Independence Township will host a Facebook Live town hall with special guest Rep. Jack O’Malley of Lake Ann on Tuesday, June 18 to discuss road funding in Michigan.“Like anyone else who drives in this state, I absolutely agree more must be done to improve Michigan roads,” Rep. Schroeder said. “I encourage everyone to join us and share their thoughts on how we can make our infrastructure better.”Rep. O’Malley chairs the House Transportation Committee and has been traveling throughout the state discussing road funding directly with local residents. This will be the first Facebook Live version of this popular event and is designed to reach those who may be busy or otherwise unable to attend an in-person meeting.The town hall will be streamed live on Rep. Schroeder’s official Facebook page (@StateRepSchroeder) and can be found at For anyone unable to join the live event, a recording will be available for later viewing on Rep. Schroeder’s Facebook page.The event begins at 4 p.m. and residents will be encouraged to submit questions using Facebook Live during the town hall.For more information or questions, contact Rep. Schroeder’s office by calling (517) 373-0615 or by email at Categories: Schroeder Newslast_img read more

Harvey Milk Honored on US Stamp

first_imgShareTweetShareEmail0 SharesMay 22, 2014; ReutersHarvey Milk was honored yesterday as a new postage stamp with his face and name emblazoned in black and white thereon was unveiled at a “first day of issue” dedication ceremony at the White House. Milk, a well-known gay activist and one of the country’s first openly gay politicians, was shot to death along with Mayor George Moscone in 1978. He was a high-profile member of the San Francisco Board of Supervisors.Samantha Power, the U.S. Ambassador to the United Nations, was at the ceremony and urged people to continue their activism for gay rights, reminding the crowd that there still are seven countries where people can be executed for being gay.Nancy Pelosi, the Democratic leader in the U.S. House of Representatives, remembered aloud attending Milk’s funeral. “I thought, is this how it ends?” she said. “But it really was just the beginning of the impact that he…would have. So it’s pretty thrilling for us who knew and loved him and saw his courage first hand.”“Let this stamp remind us of the fundamental truth behind Mr. Milk’s message—that we all have a stake in equality,” said Deputy Postmaster General Ronald A. Stroman. “Let this stamp inspire a new generation to continue Harvey Milk’s legacy—to keep working toward a world where prejudice gives way to acceptance, where division gives way to unity, and where fear gives way to hope.”Stuart Milk, president of the Harvey Milk Foundation, said, “We have to teach history so that we don’t repeat history, and so this is a great way of doing that.”—Ruth McCambridgeShareTweetShareEmail0 Shareslast_img read more

Counting on the Corporate Sector for Social Responsibility—Not

first_imgShareTweetShareEmail0 SharesDecember 4, 2014; ForbesThe recent Forbes article by Paul Klein, the president and founder of Impakt (yes, with a “k”), which exists to help “corporations and non-profit organizations to become social purpose leaders,” and Melina Martin, the community investment and corporate brand chief of Time Warner Cable, was a fun read for its imaginary future of ExxonMobil, leaving the fossil fuel extraction business by 2025 and becoming a certified B corporation dedicated to renewable energy.“We predict that 2015 will mark the beginning of a long-term transition of the role and purpose of the world’s largest public companies and the value chains they control,” Klein and Martin wrote. “The new imperative for business leaders will be to embrace the idea that the viability of their businesses depends on solving the world’s most pressing societal issues.” To them, the plans are already underway at corporate behemoths such as Pfizer, Nestle, and Microsoft. “An intersection is coming where society will expect corporations to fill the void in the face of government cuts, and, likewise, corporations will expect their societal influence to increase as their social capital becomes the force of change in communities, countries and even entire global industries,” predicted Jeffrey Puritt, the president of TELUS International. Heck, who needs nonprofits when profit-minded corporations like ExxonMobil and Nestle, according to Nestle’s president of corporate affairs, Paul Bakus, will lead us to a future that “may look more like a rediscovery of the social purpose of business.”“Rather than a company saying, ‘Well, we give a million dollars to Covenant House and Boys and Girls Clubs,’ which is what we’re used to saying, it should say, ‘We’re going to eliminate youth homelessness by 2025,’” pronounced Doug Bannerman, North American head of social responsibility for Statoil, the Norwegian energy company that is active in oil shale mining activities in Alberta, in Ohio, and elsewhere in the world. “That’s a much more bold goal, and I think that’s the kind of thing that we need to do inside all of our companies.” Perhaps Statoil will find a way of getting B Corp status due to its state-of-the-art approaches for managing the risks of fracking.That’s unfair to Statoil, ExxonMobil, Nestle, and the other corporations. There are good people in all of these corporations who want to see their corporations do good—and do more than give a million dollars to Covenant House (though million dollar philanthropic grants wouldn’t be bad). However, the extent to which these corporations pull out of fossil fuels and make social responsibility their purpose in business won’t be because of an “impaktful” reconsideration of their business missions, but because of the watchdogging and advocacy of the nonprofit sector trying to reduce the almost unfettered power of big corporations.When Statoil can imagine a corporate goal of doing away of youth homelessness, it is implicitly referencing the massive resources at the disposal of big corporations compared to the scant resources available to nonprofits. But it is the much smaller but persistent efforts of social advocates that add up to movements that compel corporations to deal with issues such as homelessness or, more to the point of ExxonMobil and Statoil, fossil fuels and fracking. Every instance of institutions like the city of Burlington, Vermont, or the Christian activists who pressured the Church of England to announce their interest in divesting from fossil fuels adds up to another nudge for the big corporations to change their business models. Perhaps Nestle has a strong social responsibility interest, but in California, it is circumventing state regulations on bottling water due to the state’s long-lasting drought by moving its operations to an Indian reservation, where it can pump water from the Millard Canyon aquifer. If it weren’t for an investigation by a Pacific Institute researcher several years ago, one wonders whether there would be any public discussion of Nestle’s deal with the tribe to pump water out of the desert for commercial bottling. If there were strong corporate watchdogs, perhaps someone might have noticed Pfizer’s contributions to the political campaign of the Missouri Attorney General Chris Koster, followed by an invitation to him to be a keynote speaker at a Pfizer corporate breakfast that led, according to reporting by the New York Times, to Pfizer getting off somewhat lightly for having illegally marketed two drugs with exaggerated claims of their effectiveness.As ExxonMobil makes its transition from climate change denial to renewable energy, we’ll bank on the nonprofit sector for social change “impakt.” –Rick CohenShareTweetShareEmail0 Shareslast_img read more

ADL Redirects 56000 in Trump Donations to AntiHate Education Programs

first_imgShare104TweetShare5Email109 SharesMarch 20, 2016; Time MagazineThe Anti-Defamation League turned the tables on Donald Trump ahead of his speech at pro-Israel lobbying group AIPAC’s (The American Israel Public Affairs Committee) annual conference on Monday. According to the Jewish organization, which addresses anti-Semitism and other forms of bias, Trump has donated several tens of thousands of dollars throughout the past few decades to the nonprofit. However, in light of comments made during this presidential campaign alienating immigrants and Muslims, the ADL just doesn’t feel right holding onto those donations.For Time, Anti-Defamation League CEO Jonathan A. Greenblatt released a statement on behalf of the group on Monday to explain the organization’s decision to redirect Trump’s past donations, particularly ahead of the AIPAC conference, the annual conference focused on strengthening American and Israeli relations:In the past decade or so, Mr. Trump and his foundation have contributed a total of $56,000 to our organization. These undoubtedly were sincere gifts. But in light of the recent campaign, we have decided to redirect the total amount of funds that he contributed to ADL over the years specifically into anti-bias education programs that address exactly the kind of stereotyping and scapegoating that have been injected into this political season.The donations will be funneled into ADL’s “No Place for Hate” programs, which help schools institute initiatives combating bias and bullying in and outside the classroom. The programs are available countrywide, including in New York, Washington D.C., Atlanta, San Francisco, Denver, and other areas.In part, Greenblatt says he hopes ADL’s decision will compel other nonprofits to do the same as a powerful response from the sector against Trump’s rhetoric.I call on other Jewish groups—and any other philanthropies and non-profits—also to redirect any funds that may have been given to them by Trump and use them for similar initiatives to combat hate, promote tolerance, and build a stronger American community. They are welcome to support our No Place for Hate program.Trump did speak at the AIPAC conference on Monday and was met with some walkouts inside and protests outside the venue in Washington D.C. Some, like Rabbi David Paskin of Florida, walked out of the speech and studied the Torah outside instead. According to the Washington Post, it seems Trump was met with protests and standing ovations from attendees.This crowd was supposed to be unfriendly to Trump. ROARING with applause as he slams Obama, who has very high approval rating w US Jews.— Benjamin Silverstein (@bensilverstein) March 21, 2016 Earlier today #AIPAC2016 #DumpTrump #TrumpProtest— feriha ︻╦╤─intifada (@LeylaKahled) March 21, 2016This rabbi says security removed him from #AIPAC2016 after he raised his hands in protest against Trump:— AJ+ (@ajplus) March 21, 2016For the ADL, AIPAC provided a prime backdrop to discuss their views on Trump given the juxtaposition with the Jewish people’s own struggle with discrimination:We believe AIPAC was right to extend an invitation to Trump as the presumptive Republican nominee for the highest office in the land. AIPAC has a longstanding practice of extending invitations to all of the Democratic and Republican nominees for office during presidential seasons, and this is in keeping with their tradition of bipartisanship and giving all candidates a chance to have their say.We also believe that those attendees who might be offended by Trump’s message have every right to walk out on him should they choose to do so, just as others have the right to remain in the audience and hear him out.And yet, our history, our faith and our values teach us that we cannot sit idly by when others are singled out for derision and when intolerance is fed.The ADL has been a vocal opponent of Trump over the last several months. The organization was one of many civil rights groups to lambaste Trump after he did not more forcefully rebuke the white supremacist support he had been receiving. Moreover, the ADL was part of the outcry following images of supporters raising their hands in loyalty at several Trump rallies, sending the Internet into a frenzy. To many, the images were reminiscent of the “Heil Hitler” salute.Former ADL director Abe Foxman remarked that the hand salute was “about as offensive, obnoxious and disgusting as anything I thought I would ever witness in the United States of America.”“He is smart enough—he always tells us how smart he is—to know the images that this evokes. Instead of asking his audience to pledge allegiance to the United States of America, which in itself would be a little bizarre, he’s asking them to swear allegiance to him,” Foxman continued.In his letter, Greenblatt reiterates that this ought to be a universal effort to push back against Trump’s campaign. “We are taking this step to demonstrate that, even as the campaign has surfaced ugly rhetoric, we can reach higher. Even as his campaign has mainstreamed intolerance, we can push back on the hate and evoke our better angels not just with words, but with deeds.”—Shafaq HasanShare104TweetShare5Email109 Shareslast_img read more

Blue Slips Safeguard or Relic for Federal Judicial Appointments

first_imgShare11Tweet1Share5Email17 SharesPixabay. Public domain.June 16, 2017; Iowa Labor NewsCourt appointments matter. It took the ruling of only one federal court judge in Hawaii to bring a halt to the first Muslim travel ban. The contested rulings of lower federal court judges brought us to the Supreme Court’s decisions on marriage equality and women’s rights to make health care decisions. While the final rulings on these well- known issues rested with the Supreme Court, many more rulings determined in federal district and circuit courts are now the law of the land.The federal judiciary touches upon many aspects of the nonprofit sector. From equity issues to employment law, from the quality of the air and water to consumer protections, the federal judiciary is a key component of the system of checks and balances in this country. The judges who sit on these district and circuit courts are approved by the Senate and hold lifetime appointments, just like the nine who serve on the Supreme Court. The one thing that interrupts this process is the “blue slip.”According to the Brookings Institution, “‘Blue slips’ are blue-paper forms that Senate Judiciary Committee chairs send to home-state senators asking if they approve of judicial nominees in their states. During the Obama administration, a Democratic or Republican negative or unreturned blue slip killed the nomination.”There are many who disagree with maintaining this Senate tradition. In a summary of her article in a Heritage Foundation publication, Elizabeth Slatterly offers the following:President Trump has more than 120 lower court vacancies to fill with nominees who must be confirmed by the Senate Judiciary Committee. The blue slip process involves asking home-state Senators to approve or disapprove appointees from their states. Blue slips have had various degrees of efficacy in blocking judiciary nominations throughout their 100-year history. [Senate Judiciary Committee Chairman Chuck] Grassley must ensure Senate Democrats do not abuse the blue slips process to prevent the confirmation of constitutionalist judges. His options include weighing blue slips less heavily in the confirmation process; giving greater weight to blue slips for district court nominees; utilizing time limits; or eliminating the blue slip process entirely.Texas Senator Ted Cruz (R-TX) told The Hill that “if Democrats shut down qualified nominees to the courts, then there’s a ‘real possibility they will lose their ability to do so.’” Senator Dianne Feinstein (D-CA) disagreed, saying, “The blue-slip rule has always applied to circuit court nominees and ‘there’s no reason to change that longstanding precedent’ now.”The Republican leadership has pushed to diminish blue slips’ influence as a way of ensuring that President Trump’s federal judicial nominees are all voted into lifetime positions. In a column for the Des Moines Register, Grassley declared:For nearly a century, the chairman of the Senate Judiciary Committee has brought nominees up for committee consideration only after both home-state senators have signed and returned what’s known as a “blue slip.” This tradition is designed to encourage outstanding nominees and consensus between the White House and home-state senators. Over the years, Judiciary Committee chairs of both parties have upheld a blue-slip process, including Sen. Patrick Leahy of Vermont, my immediate predecessor in chairing the committee, who steadfastly honored the tradition even as some in his own party called for its demise. I appreciate the value of the blue-slip process and also intend to honor it.With the contentious and partisan nature of Senate approval for the Trump administration’s nominees and appointments writ large, the approval of federal judges to lifetime seats may be receive even more attention. The makeup of the Senate almost ensures that nominees who are voted out of the Judiciary Committee will receive the needed 51 votes for approval in the Senate, especially since the filibuster is no longer an option. But if blue slips are honored by Grassley, they could stop a nominee from advancing to a hearing in the Judiciary Committee.As the nonprofit sector considers its future, many of the issues that it addresses will also be addressed in the federal courts. Most will never make it to the Supreme Court, so paying attention to who sits in judgment on the lower courts becomes even more important. Perhaps the most important legacy of this or any administration is not in the laws they pass, but the judges whom they appoint for lifetime seats on the federal courts, who will be in place long after the President and Senators who nominate and approve them. The practice of using blue slips to halt a nomination is, perhaps, now more important than ever before.—Carole LevineShare11Tweet1Share5Email17 Shareslast_img read more

Polish pay TV operator Cyfrowy Polsat grew its DTH

first_imgPolish pay TV operator Cyfrowy Polsat grew its DTH subscriber base by 228,000 year-on-year to end September with 3.51 million subscribers.Mobile subscribers grew by 77,000 to 136,000 at the end of September, while internet subs totaled 54,000 at the end of the quarter.Revenue for the third quarter rose by 68% year-on-year to PLN616 million (€140 million) and EBITDA rose by 89% to PLN196 million. However the company posted a net loss of PLN62 million as a result of the cost of servicing euro-denominated debt.last_img

Polish operator Cyfrowy Polsat has manufactured it

first_imgPolish operator Cyfrowy Polsat has manufactured its three-millionth set-top box via its Cyfrowy Polsat technology arm.The company reached the milestone as it began producing its latest receiver, the Mini HD 200, which is the sixth DTH model it has developed.Polsat began producing set-tops in 2007 and plans to deliver its first hybrid DTT/IP model shortly.[ad_banner]last_img

Liberty Global has upped its stake in the Netherla

first_imgLiberty Global has upped its stake in the Netherlands’ largest cable operator Ziggo to 28.5% – more than doubling the 12.65% holding it originally bought in the firm back in March.In a filing to the United States Securities and Exchange Commission, Liberty said that it had acquired 17.5 million additional shares in Ziggo, which it financed through a loan, increasing its total ownership to 28.5% based on the number of outstanding shares of Ziggo stock as of June 30, 2013.Ziggo confirmed Liberty’s stake increase in a statement and said: “The supervisory board and the board of management will continue to act in the best interests of its stakeholders in assessing steps made by Liberty Global while continuing to focus on executing Ziggo’s strategy.Liberty paid roughly €632.5 million for a 12.65% stake in Ziggo back in March, when the firm acquired 25.3 million Ziggo shares from Barclays Capital Securities for €25.00 per share.Commenting at the time, Liberty said the acquisition marked an “attractive opportunity” to make a strategic investment in a market where it already has a strong presence through its UPC Netherlands subsidiary.In April, Liberty subsequently raised its holding to 15% after private equity groups Cinven and Warburg Pincus sold their remaining shares in the firm and exited ownership of Ziggo.last_img read more

UK connected TV platform YouView is reportedly par

first_imgUK connected TV platform YouView is reportedly partnering with Netflix to add access to the subscription VoD service on its set-top boxes.According to a Financial Times report, the deal has been agreed with Netflix due to be added to the YouView platform by the end of the year.The partnership would see UK service providers BT and TalkTalk – which both use YouView boxes as the basis for their TV offerings – begin to offer Netflix to their customers.In the UK Virgin Media already offers the Netflix app on its TiVo set-top box, and Netflix has recently agreed a string of similar deals following its latest round of European rollouts.Earlier this week Belgacom said that its customers will be able to watch Netflix directly via its Proximus TV offering in Belgium later this year. Netflix also recently signed deals with Deutsche Telekom in Germany and Bouygues Telecom in France, putting its service on their respective Entertain and Bbox TV offerings.A YouView spokesperson declined to comment.last_img read more

French commercial broadcaster TF1 is to launch a p

first_imgFrench commercial broadcaster TF1 is to launch a paid for video-on-demand service dedicated to African and African-themed movies in March, according to local reports.TF1 will launch the AfrostreamVOD service, already partly available on line in the MyTF1VoD offering, according to the reports. The service includes a mix of Hollywood, Nollywood and other African content, including Hollywood films like 12 Years a Slave and Ray, French movies including Bande de Filles and African movies including Abderrahmane Sissako’s César-winning Timbuktu.TF1 is launching the service in partnership with startup Afrostream, whose director Tonjé Bakang last year unveiled plans to launch an SVoD service dedicated to African-themed movies and series in France.Afrostream is currently taking pre-registrations for an SVoD service offering a range of content at €6.99 a month.  However, the latest reports say that the TF1 venture will make movies available in their original French version or subtitled at a price of between €3 and €5.last_img read more

Anna Priest AE Networks has added three new roles

first_imgAnna PriestA+E Networks has added three new roles to its international marketing team.The programmer has promoted Anna Priest to vice-president, global brands, International, reporting to chief creative officer Amanda Hill.Priest ill be responsible for setting the company’s global brand strategies and marketing plans while championing the company’s global corporate social responsibility programs. Anna will also maintain her current duties at A+E Networks UK, overlooking marketing, communications and digital activity, reporting to Heather Jones, SVP Content and Creative.Chris Epple has been named to the new role of vice-president, franchises and content marketing, international. He will lead content marketing international, providing high level strategic marketing vision and guidance to regionally focused marketing and sales teams. Prior to this role, Epple was VP, partnerships marketing and innovations for A+E Networks.Finally, Chris Gargani is being promoted to vice-president, creative for A+E International. Gargani will lead creative services for international, acting as the key interface for domestic creative teams as well as international teams. Gargani was previously senior director, brand partnerships on-air creative, for A+E Networks.“We are raising the international profile of our channel brands and continuing to expand A+E Networks’ business in new and existing territories,” said Hill, “These moves help position our team to bring unified, best in class strategies to our markets, ensuring global impact as well as a more customized local relevance.”last_img read more

The MOST Cooperation Standardisation Organisation

first_imgThe MOST Cooperation Standardisation Organisation, which administers the de facto industry standard for in-car connected entertainment, has released specifications for CI+ content protection transmission over MOST automotive multimedia networks, and US-based Microchip Technology has announced that MOST system designers can now use its portfolio of MOST networking products to bring CI+-based pay TV services to cars.The MOST organsiation recently released its latest MOST Stream Transmission Specification, which includes support for the MOST CI+ interim license agreement issued by CI Plus LLP. The move means that MOST networks can transport CI+ protected content using Digital Transmission Content Protection (DTCP).Microchip currently offers MOST Intelligent Network Interface Controllers (INICs) that support high-quality video streaming, as defined by the latest MOST Stream Transmission Specification. In addition, the approved content protection schemes for DTCP implemented in Microchip’s MOST Multimedia Companion ICs allow the transport of CI+ protected content.“We are proud to offer our customers a complete, easy-to-use, cost-efficient solution to transport the latest CI+ protected digital video inside automobiles,” said Dan Termer, vice president of Microchip’s Automotive Information Systems Division. “Once again, this demonstrates Microchip’s close collaboration with our customers and commitment to listening to their needs.”last_img read more

Some 193 of millennials now watch more than 10 h

first_imgSome 19.3% of millennials now watch more than 10 hours of online content per week, according to new research by Limelight Networks.The US-based content delivery network’s State of Online Video report said the December 2015 figure marked a 22.8% increase in the proportion of millennials watching over 10 hours of web video a week compared to April 2015.Limelight said that the viewing habits indicated that millennials are “binge watching more often than their other demographic counterparts”, and said people this age consume “significantly more” online video than the rest of the population.While 23.9% of millennials reported watching 1-2 hours of online content per week, among people in other age groups this figure was 40.1%. Just 10.4% of non-millennials watched more than 10 hours of web content per week.Some 72% of millennials also reported subscribing to at least one pay online service, like Netflix or Hulu, compared to 51.9% of older viewers.last_img read more

Hisense has partnered with Wuakitv to offer direc

first_imgHisense has partnered with to offer direct access to the on-demand film and TV via from a button on the remote control of its new smart TVs.The button will be include in the remotes of Hisense’s newly-designed 2016 smart TV models. Sets sold in the UK, Germany, Spain, Italy, France, Ireland and Australia will have the button included by May.Wuaki said that the deal will later extend to other countries where it plans to operate this year, which include the Netherlands, Belgium, Portugal and Switzerland.“This agreement positions as a pioneer in 4K content propositions in Europe and also presents a very unique user experience to Hisense Smart TV users”, said Jacinto Roca, CEO and Founder of Han, deputy general manager of Hisense international and general manager for Hisense Europe, added: “This partnership is a new step to position Hisense ahead competition in European countries. It will allow us to provide a multitude of 4K contents to Hisense UHD TV owners and bring our Smart TV in a new era.”last_img read more