Agents can win 100 gift cards with Carnivals anniversary contest

first_imgTags: Carnival Cruise Line Share Posted by Tuesday, March 7, 2017 << Previous PostNext Post >>center_img MIAMI — To celebrate its 45th anniversary, Carnival Cruise Line has launched a new travel agent trivia contest on its trade-focused Facebook page.Running until March 10, the ‘Carnival 45th Anniversary Trivia’ game features one trivia question related to the company’s history each day for the duration of the game period. The first nine agents to answer the daily question correctly will each win a US$100 Visa gift card.A total of 45 agents will be awarded a combined $4,500 in gift card winnings.“The cruise industry was built by our travel agent partners, who took a leap of faith with our fledgling industry in the 1970s,” said Carnival’s Vice President of Sales & Trade Marketing Adolfo Perez. “During these 45 years, agents have helped tens of millions of Carnival guests realize our founder Ted Arison’s vision that everyone deserves a great cruise vacation at a fantastic value. This contest is one more way of thanking agents for their tremendous support through the years.”More news:  Marriott Int’l announces 5 new all-inclusive resorts in D.R. & MexicoThis year marks the 45th anniversary of Carnival Cruise Line’s inaugural cruise, which departed from Miami on March 11, 1972 aboard the TSS Mardi Gras.For more information about the contest go to facebook.com/CarnivalTrade. Agents can win $100 gift cards with Carnival’s anniversary contest Travelweek Group last_img read more

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India Pakistan trade blame as border exchanges kill 5

first_img New Valley school lets students pick career-path academies Here’s how to repair and patch damaged drywall Sponsored Stories Ex-FBI agent details raid on Phoenix body donation facility ISLAMABAD (AP) — India and Pakistan traded blame on Thursday for a series of firefights and shelling over the past two days along their border in the disputed Kashmir region that killed five civilians and wounded nine people.On Thursday, four civilians were killed and five were wounded in artillery fire that struck Pakistani villages near the eastern city of Sialkot, and Islamabad said the archrival neighbor was responsible for the casualties. Top holiday drink recipes Comments   Share   Top Stories The latest exchange of fire came despite a meeting of the two countries’ prime ministers last week on the sidelines of a summit in Russia in an effort to ease tensions.India and Pakistan have fought two of their three wars over competing claims to Kashmir. A 2003 cease-fire has largely held despite small but regular skirmishes, which the two sides routinely blame on one another.While the highly militarized line of control in Kashmir is guarded by the armies of India and Pakistan, each country keeps a separate paramilitary border force guarding their lower-altitude frontier defined by coils of razor wire that snake across foothills populated by ancient villages, tangled bushes and fields of rice and corn.___Associated Press reporter Aijaz Hussain in Srinagar, India, and Muneeza Naqvi in New Delhi contributed to this report.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. India’s paramilitary Border Security Force, meanwhile, blamed Pakistan for shooting at an Indian border post and for firing mortar shells that landed in a border village on Wednesday, killing one woman and wounding four people, including a soldier at a border post.Pakistan also claimed that an Indian spy drone had violated its airspace Wednesday and that the Pakistani military shot it down. India’s army rejected that allegation, saying none of its drones “crossed into the Pakistani side.”“None of our unmanned aerial vehicles has been shot down by them,” said Col. S.D. Goswami, an Indian army spokesman.A senior officer of India’s Border Security Force said skirmishes between the two sides continued on Thursday morning and that Indian troops only responded to “safeguard Indian villagers” from Pakistani mortar shells. The officer spoke on condition of anonymity in line with department policy.On Thursday, both Islamabad and New Delhi summoned each other’s diplomatic envoys in protest of the latest exchanges. Pakistan also denounced the alleged violation of its airspace.India’s Foreign Secretary S. Jaishankar on Thursday insisted that all firefights and mortar shelling over the past two days were initiated by Pakistani troops. He told reporters the type of drone Pakistan claimed it had downed was not of Indian design or part of India’s arsenal. 4 must play golf courses in Arizona 5 greatest Kentucky Derby finishes Mesa family survives lightning strike to homelast_img read more

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Travel agents chosen over technology

first_imgTravellers are moving away from technology and using travel agents to book trips a report said. According to Forrester Research the number of American’s preferring to book vacations online has decreased from 53 percent to 46 percent since 2007, The Globe and Mail reported. The report has attributed the renewed interest in travel agents to the Iceland volcano which prevented travel throughout Europe. According to the news source, people that used travel agents to book their trip at the time of the natural disaster were able to use their agent to relocate them quickly. “It’s great to have tools and technology, but you still need human intervention from time to time because it’s not a perfect world,” BCD Travel senior vice president Kathy Bedell said. Expedia managing director Sean Shannon disagreed claiming the site had set up customer care to assist travellers 24/7 via phone and email. Mr Shannon added the service provided customers with answers to questions but also helped customers find hotels and figure out airline policies. Source = e-Travel Blackboard: N.Jlast_img read more

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Mahershala Ali center wears a hat to promote his

first_img Mahershala Ali, center, wears a hat to promote his new movie “Blade” at the Marvel Studios panel on day three of Comic-Con International on Saturday, July 20, 2019, in San Diego. (Photo by Chris Pizzello/Invision/AP) Marvel’s next films will bring diversity, onscreen and off LOS ANGELES — Marvel’s push for more women and people of colour in its cinematic universe is extending to behind the camera for its next slate of films.Of the five films Marvel Studios announced at Comic-Con on Saturday, only one is set to be directed by a white man.In addition to a slew of women and people of colour at the helm of upcoming Marvel films, the weekend’s announcements promised more diversity on screen, including the female-led “Black Widow” and “Thor: Love and Thunder.” Also in the works are films starring Marvel’s first Asian American superhero — Simu Liu’s Shang-Chi — and its first LGBTQ character — Tessa Thompson’s Valkyrie.Marvel veteran Scarlett Johansson said the increase in diversity made her proud to be a part of the franchise.Ryan Pearson And Katie Campione, The Associated Press AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Ryan Pearson And Katie Campione, The Associated Press Posted Jul 22, 2019 4:49 pm PDTlast_img read more

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Brothers arrested on suspicion of drugs possession

first_imgTwo brothers aged 37 and 22 from Aradippou were arrested on Saturday evening on suspicions of drugs possession, police said.The pair were driving in the village when police stopped them during a routine patrol.Police said the driver of the car tried to speed off but the patrol chased them down.During the chase, police said the brother on the passenger side threw something from the window. Later it was determined to be a plastic bag with some 14 grammes of cannabis, police said.The brothers were arrested.You May LikeLuxury Crossover SUV I Search AdsThese SUVs Are The Cream Of The Crop. Search For 2019 Luxury Crossover SUV DealsLuxury Crossover SUV I Search AdsUndoYahoo SearchResearch Compact SUVs. New SUVs May Make You Want To Trade Yours In Today – See For Yourself!Yahoo SearchUndoFigLeaf Beta AppFigLeaf brings You 3 Easy Steps to Privacy on Your Terms…FigLeaf Beta AppUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoIsraeli rape suspects freed, woman who alleged assault arrested (Updated)Undoby Taboolaby Taboolalast_img read more

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Legislative Update for November 21 2014

first_img – 0:00:00 / 0:00:00Update RequiredTo play the media you will need to either update your browser to a recent version or update your Flash plugin. On today’s Update, we look forward to National Adoption Day on Saturday and examine some of the adoption law reforms enacted earlier in 2014. Categories: Audio,News playpausecenter_img 21Nov Legislative Update for November 21, 2014 Legislative Update for November 21, 2014 [ 1:57 ] Play Now | Play in Popup | Download (246)last_img read more

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Rep Outman to serve on four House committees

first_img Categories: News All assignments are key to the 70th House District 16Jan Rep. Outman to serve on four House committeescenter_img State Rep. Rick Outman was named by Speaker Kevin Cotter to serve on four key House committees, including the Agriculture Committee.Outman, R-Six Lakes, also will serve on the Communications and Technology Committee, the Energy Policy Committee and the Military and Veterans Affairs panel.“I am eager to get started on important legislation that impacts Montcalm and Gratiot counties,” Outman said. “Agriculture is a major industry in the 70th House District, and I am happy to again represent the farmers and producers on the committee and be their voice as we discuss policy issues important to them.”Outman said as a veteran of the U.S. Army he is pleased to serve on the Military and Veterans Affairs Committee, helping men and women who are serving their country and making the transition to civilian life easier.“The unemployment rate for veterans is extremely high in Michigan, and we need to seek solutions so these brave men and women can find work after they have served their nation,” Outman said. “They also should be made aware of the benefits to which they are entitled.”Outman said rural areas are often underserved by communications and technology, and he is eager to begin work to bring high-speed broadband and other improvements to areas where the services are not available.House committees review all legislation that affects their issue area and make recommendations as to whether the full House should take up the bills.#####last_img read more

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The Tao of Museumification

first_imgShareTweetShareEmail0 Shares The Handcraft Paper MuseumApril 29, 2014; CNNAs reported by Sam Gaskin for CNN, the National People’s Congress in 2010 outlined a five-year plan that called for China to increase its number of museums to 3,500. By the end of 2013, that goal had already been surpassed, with 4,000 museums blanketing the landscape, and not only in the major cities.The aim, says Jeffrey Johnson, director of Columbia University’s China Megacities Lab, is to fast-forward development of the cultural sphere. “The intention is to elevate the per-capita number of museums to equal international levels. The short-term goal is to have one museum per 250,000 people.” (By comparison, in 2011, the UK had 3.12 museums per 100,000 people.) Johnson calls this aggressive building strategy the “museumification” of China.While government funding accounts for a significant number of new museums, the CNN report notes that many others are tied to corporate or private interests, ranging from vanity projects undertaken by wealthy art collectors, to real estate developers, to businesses looking to fulfill legal requirements about land use. And then there’s Shanghai’s Tobacco Museum, which exists to promote smoking.Many of the new museums are considered to be stunning architecturally. (Click to see the slideshow in the source article.) But for now, in many cases, the buildings themselves may offer more to visitors than what is inside. That is, if there are any visitors, because people in many parts of China have not yet acquired museum-going habits. Nor have many natives pursued careers in curatorial fields or museum management, at least not until recently. So the consensus is that while China has a number of outstanding museums with fine collections and exhibitions, the nation probably has many more museums that lack the staff and/or the collections to engage the public in a meaningful way.As Li Xu, deputy director of the state-run Power Station of Art (PSA) museum, explains, “The government is still in the process of developing a system for supporting established museums.” The 41,000-square-foot PSA has no collection of its own, a staff of only ten and a very modest annual operating budget.Clare Jacobson, author of New Museums in China, observes, “A lot of the successes are private museums, rather than the state-run museums.”Johnson, of the China Megacities Lab project, says they are watching to see how museums in China will evolve. “Are there new roles—socially, culturally, politically—that the museum is playing? What new architectural forms and spatial organizations are being invented to accommodate these new ambitions?”There’s no guarantee that the Chinese public will take to all this “museumification.” Even in larger Chinese cities with well-established museums, attendance can be fairly low. So it’s hard not to wonder why such enormous resources are being pumped into so many new museums when so little groundwork has been laid in terms of public engagement and museum management.Jacobson notes that this cart-before-the-horse approach is not so unusual in China. “I think necessarily in the development of China the ‘hardware’ comes before the ‘software.’ It just does. There are models of that in industry and in housing.”She also notes that whether or not the new museums eventually come to house vibrant collections and engage the public, the new architecture is still worthwhile. “Actually, you do need a few places of beauty within this vast array of residential towers and boring office buildings…I think those buildings will remain—whether they’re used as museums or not is a different question. The buildings themselves will be important for a long time.”—Eileen CunniffeShareTweetShareEmail0 Shareslast_img read more

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Democracy in Tatters Citizen Impotence in American Democracy

first_imgShareTweetShareEmail0 SharesAugust 12, 2014; The HillThe tagline of Nonprofit Quarterly reads, “Promoting an active and engaged democracy.” The statement doesn’t really refer to NPQ, but to our belief in the role of the nonprofit sector. Nonprofits, we hope and believe, are the bedrock of democracy and mechanisms for democratic participation.If that’s the case, nonprofits will find the recent report from Martin Gilens of Princeton University and Benjamin Page of Northwestern University disconcerting in the extreme. The two professors examined survey data on 1,779 public policy issues to gauge the influence of average citizens, economic elites, mass-based interest groups, and business-dominated interest groups. Their conclusion, according to Allan J. Lichtman, writing for The Hill? “Ordinary Americans have virtually no impact whatsoever on the making of national policy in our country…Rich individuals and business-controlled interest groups largely shape policy outcomes in the United States.” The influence of ordinary Americans, Gilens and Page write, is “non-significant, near zero level.” Even mass-based interest groups, Lichtman reports, had minimal influence.It isn’t surprising to hear that wealth and business rule America, but it is troubling to note, as the study authors do, that the preferences of ordinary citizens and business groups “often sharply diverge and when they do, the economic elites and business interests almost always win and the ordinary Americans lose.” It is a myth that business groups and rich people basically share the interests and preferences of ordinary Americans. The idea that deep down, we all really agree in essence is simply not true. There may be points of convergence here and there, but in the American polity, where you stand is where you sit—and the rich and the corporate sector aren’t pursuing a policy agenda that ordinary citizens want and share.Lichtman titled his article Who Rules America?, which is the title of Bill Domhoff’s iconic book, which in itself follows Robert Dahl’s Who Governs?, the latter written in the 1960s and a staple of American political science reading lists. Domhoff’s thesis is clear:“The owners and top executives of the largest corporations, banks, investment firms, and agri-businesses come together as a corporate community. Their enormous economic resources give them the ‘structural economic power’ that is the basis for dominating the federal government through lobbying, campaign finance, appointments to key government positions, and a policy-planning network made up of foundations, think tanks, and policy-discussion groups. The CEOs and owners in the corporate community, along with the top executives at the foundations, think tanks, and policy-discussion groups, work together as a leadership group that I call the power elite.”Gilens and Page indicate that they may have even underestimated “the real world impact of elites upon public policy.” They suggest that ordinary citizens may be to blame, because they don’t turn out to vote. While low voter turnout is a real problem, that fact is not sufficient to explain how corporate and wealthy elites dominate, structure, and warp the electoral process through campaign financing.Our concern is that the nonprofit and philanthropic sectors have their own share of responsibility for this. A recent report by Brad Rourke from the Kettering Foundation, summarizing the results of three nonprofit/foundation roundtables on philanthropic accountability, suggests a range of nonprofit and foundation behaviors that perhaps exacerbate the ineffectiveness of ordinary citizens in the political process. The Kettering report cites foundations and major donors substituting themselves for citizens and voters in major policy decisions in Detroit (the bankruptcy) and Newark (Mark Zuckerberg’s behind-door negotiations on the school system) and the less-than-democratic practices of foundations engaging in “strategic philanthropy” (described by one roundtable participant as “foundations now deciding that they know what the problem is and that they know what the solution is and that they’re now going to be subcontracting [with nonprofits] to actually do the work as if they are paid employees or paid consultants.” All of those examples weaken the participation and influence of ordinary Americans in the political process.Are foundations and their nonprofit supplicants actually “promoting an active and engaged democracy?” The research findings from Gilens and Page would suggest that if they are, it’s not working, and if they aren’t, the nonprofit and philanthropic sectors are part of the problem that Gilens, Page, and Domhoff describe.—Rick CohenShareTweetShareEmail0 Shareslast_img read more

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Kelvin MacKenzie former editor of News Corpowned

first_imgKelvin MacKenzie, former editor of News Corp-owned newspaper The Sun and a former managing director of News-backed pay TV platform BSkyB, plans to complain about the way in which football rights are traded in the UK, according to the Financial Times.
MacKenzie set up online the Sports Tonight channel online last year and it will roll out on the Sky platform in June. He plans to report Sky and the Football League to communications regulator Ofcom, he told the Financial Times, alleging that the pay TV operator is buying rights for lower league games and warehousing them in contravention of European Union rules. He will argue against the collective selling of rights and for a system whereby each club can negotiate its own TV deals.last_img read more

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Swedish broadcaster TV4 is launching a companion s

first_imgSwedish broadcaster TV4 is launching a companion screen app for the local version of The Million Pound Drop, Pengarna på bordet.The app will enable viewers to playalong with the show and answer questions via their computer, iPhone or iPad. The app will also show how other viewers answered the questions on the show.Frida Klevemark, web producer for the show, said that second screen was a priority area for TV4’s digital media activities.last_img

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Triax has used this years ANGA COM to launch a ra

first_imgTriax has used this year’s ANGA COM to launch a range of eight new optical receivers and fibre nodes for the last mile of cable TV networks. Triax’s ORH 100 receiver can be installed in end users’ apartments and can be used to converg optical TV and radion signals to electric signals for distribution via coax.The ORB series includes three optical recievers and a fibre nod with optional return channel module, designed for FTTB solutions. The ORC 1629 modular fibre node is aimed at interactive FTTB and RFoG networks, while the ORC 2729 and ORC 2731 can be used in street distribution boxes and can function as fully segmentable distribution points in HFC networks, according to Triax.Triax has also expanded its portfolio for optical distribution of satellite signals with four new receiving systems.According to Triax, frequency stacking and wave length multiplexing mean that up to eight satellite polarities as well as terrestrial progrmmes can be transmitted via one optical fibre.A maximum of 256 end users can be supplied vai a one satellite poiisitoin opticlal Ku-band LNB, the TOL64, which allows the distribution of four satellite polarities to up to 64 optical convergers. If additional transmission of UKW, DVB-T,DAB or further satellite polarities is needed, installer can choose between integrated recieving systems Opto-IES1 with one satellite position with four polariteis and Opto-IES2 with two satellite positions with four polarites each.last_img read more

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ProSiebenSat1 has completed the sale of its Hunga

first_imgProSiebenSat.1 has completed the sale of its Hungarian channels to their management.The deal, announced in December, will see the management of TV2, FEM 3 PRO 4 and Super TV2 take over ownership of the channels.The move is in line with ProSiebenSat.1’s strategy of withdrawing from eastern European TV and radio, following the sale of its northern European portfolio in December 2012, to focus on the German speaking region and digital business.last_img

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The pay TV channel business in Europe is continuin

first_imgThe pay TV channel business in Europe is continuing to grow in revenue terms in key markets, leading to increased interest in the European market from US programmers facing a slowing ad market and rising programming costs, according to analysis by SNL Kagan.The research group estimated that cable channel revenues in the UK grew at compound annual growth rate of 3.1% over the last four years to reach US$5.6 billion (€5 billion), while programming costs fell at a CAGR of 0.8% to US$3 million and cash-flow increased at a CAGR of 11.4% to US$1.6 billion, with margins expanding from 29.4% to 30.5%.Germany, traditionally seen as an underdeveloped pay TV market, saw revenues rise at a CAGR of 4.5% over the same poeriod to US$5.9 billion, with programming costs growing by a marginal 0.1% CAGR to US$3.1 billion. Cash flow grew at an impressive 16.4% CAGR to US$1.7 billion and margins expanded from 26.4% to 29.8% over the same period.In France, revenues increased at a lower rate of 0.9% over the four-year period to US$2.9 billion, with programming costs rising signifincantly at a CAGR of 6.8% to US$2 billion. Excluding beIN Sports’ substantial startup costs, cash flow declined at a CAGR of 1.5% to US$406.3 million and margins contracted from 18.7% to 15% over the same period.Despite the growth in markets including the UK and Germany, the business is likely to come under increasing pressure from a similarly soft advertising market and upward pressure on programming costs, as in the US, according to SNL Kagan. This is likely to lead to more intensified carriage deal battles between programmers and operators, according to the research group. According to SNL Kagan, this is one of the key factors behind growing M&A activity in Europe.last_img read more

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TV technology provider ViaccessOrca has launched

first_imgTV technology provider Viaccess-Orca has launched a new cloud-based TV software-as-a-service offering: Voyage – TV Everywhere as a Service.The offering, which is based on the Amazon Web Services cloud infrastructure, is integrated with Akamai’s global CDN as well as Amazon Web Services’ CloudFront CDN, with the option to add  other leading independent and operator-controlled CDNs.The service encompasses the complete content preparation and distribution workflow from transcoding to packaging, encryption, publishing, recommendations, and delivery, according to Viaccess-Orca.The platform is underpinned by the company’s RiGHTv service delivery platform, Compass content discovery and personalisation platform and Connected Sentinel DRM system, including Viaccess-orca’s secure video player.According to the company, the platform will enable operators to distribute content to set-top boxes, tablets, smartphones, and other connected devices based on a DRM technologies including Microsoft PlayReady, Widevine, and Viaccess-Orca’s proprietary DRM.The offering also includes Voyage Apps, Viaccess-Orca’s own range of TV apps, as well as tools to enable operators to make money via a range of business models.The company is currently offering free trials of the service via a dedicated website, tvaas.com. The rial includes access to the management console, iPhone and iPad mobile apps, 50GB of storage, 20 hours of video streaming, and setup for 10 subscribers and up to 20 devices.“Cloud technology is a major disruptive force in the TV industry, enhancing all points of the TV service chain, from content preparation and distribution to personalization of experience. Voyage – TVaaS is the most complete cloud-based TV service available on the market today, offering content security, management, and delivery,” said Paul Molinier, CEO of Viaccess-Orca.“Through our secure, managed cloud, TV service operators and content providers can dramatically reduce their capex, increase scalability, and adapt to the changing demands of a marketplace in flux – which is important for staying competitive in today’s evolving industry.”last_img read more

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Stéphane Richard Orange now has over one million f

first_imgStéphane RichardOrange now has over one million fibre broadband customers. The milestone was marked by the group’s CEO Stéphane Richard via Twitter.The figure means that Orange serves about one in four of France’s high-speed internet customers, which numbered 3.9 million at the end of September, according to figures released by telecom regulator ARCEP.According to the regulator’s figures, France had 1.255 million fibre-to-the-home subscribers at the end of the third quarter, with a further 1.135 million taking a high-speed cable service offering over 100Mbps and 1.495 million taking a cable service of between 30Mbps and 100Mbps.Orange fibre is now available to over five million households in 800 communities across metropolitan France and overseas departments.last_img read more

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Vodafone Netherlands is extending its partnership

first_imgVodafone Netherlands is extending its partnership with set-top box maker Amino and systems integrator Divitel for the continued rollout of its Dutch IPTV service.The extended contract will see Amino continue to supply TV devices that offer advanced TV services – including pause live TV, DVR, restart TV and a video on demand library from several broadcasters.“Vodafone Netherlands is at the forefront of a trend for mobile operators to add advanced video services to their offering. We are delighted that the proven quality of our products and our ability to deliver great service with integration partners such as Divitel, has secured this important contract extension for continued supply of Amino TV devices,” said Amino Group CEO, Donald McGarva.Head of consumer fixed at Vodafone Netherlands, Gerard Overmars, said: “Quality, flexibility and great service were the main drivers for choosing Divitel and Amino as partners to help us drive continued rollout of our Vodafone Thuis TV service across the Netherlands.”last_img read more

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Clypd an audiencebased sales platform for TV adv

first_imgClypd, an audience-based sales platform for TV advertising, has appointed former RTL Group executive, Henry Rivero, as its general manager of Europe.Rivero will be tasked with building Clypd’s European presence, understanding how the company can best bring value to each market, and developing key relationships with different players in the industry.Rivero was previously senior executive, digital technology and special projects at RTL Group, which led clypd’s Series B round of funding.“For some time now, we have been eyeing the European broadcast markets as the next big milestone in the company’s growth plan,” said Clypd co-founder and CEO, Joshua Summers.“Expanding our audience-based sales platform for TV advertising beyond the US is a strategic focus for us as our company continues to grow.”Rivero said: “As part of the team at RTL Group that led clypd’s Series B round of funding, I instantly recognized the value that the company was bringing to the TV advertising industry. The market opportunity is massive and I am convinced clypd is best-positioned to be the market leader when it comes to developing technology that supports audience-based sales for TV media owners. I’m looking forward to bringing clypd’s industry-leading expertise to the European television market.”last_img read more

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Harald Rösch Vodafone Malta and local cable player

first_imgHarald RöschVodafone Malta and local cable player Melita are to merge, with the shareholders of Melita taking a 51% stake in a deal that values Vodafone Malta at €208 million and Melita at €298 million.The agreement between Melita’s shareholders – Apax Partners Midmarket and Fortino Capital – and Vodafone will combine the country’s leading mobile player with the leading cable operator. Both networks cover 99% of the Maltese population.The combined company will operate under the Vodafone brand and distribute services including Vodafone’s global portfolio of products and services. The pair stated that the aim of the merger is to create an operator with the scale and resources to provide residential quad-play services alongside a full range of business-to-business offerings.The new merged company will be in a better position to compete with incumbent telco Go, the pair said.The company will be led by current Melita CEO Harald Rösch, while Caroline Farrugia, CFO of Vodafone Malta, will be CFO of the combined group. The current Vodafone Malta CEO, Amanda Nelson, will be appointed to another role within the Vodafone Group.The transaction values Vodafone Malta at an enterprise value of 6.8 times 2016 EBITDA and Melita at 8.9 times EBITDA. At completion, the combined company’s net debt is expected to be approximately €345 million and Vodafone will receive an estimated cash payment of €120 million which will be used for general corporate purposes. Melita’s shareholders will receive an estimated cash payment of €33 million.The deal is expected to close in the second half of this year, subject to approval by the Malta Competition and Consumer Affairs Authority.In an interview with Digital TV Europe earlier this year, Rösch said that Melita had traditionally been seen as a premium fixed-line service provider but “the cheap guys on mobile”, and added that one of its key goals was to increase the value of its mobile base and focus on quad-play offerings.Rösch said that Melita had a 10% share of the enterprise market and about 17% of the mobile market, and identified both as key areas for growth in a geographically restricted market. The company had taken steps to invest in both areas on its own ahead of the Vodafone deal, with a plan to launch 4G services penciled in for the second half of this year.last_img read more

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