News of Note—Sinclair divests 7 stations to Fox, Ergen discloses IoT plans

News of note
(Pixabay)

> Patrick Drahi isn’t willing to sell the struggling French unit of his cable and telecommunications company, Altice NV, the billionaire said on the sidelines of an event in Lisbon on Tuesday. Bloomberg article

> 21st Century Fox has an agreement to purchase seven television stations from Sinclair and Tribune Media for $910 million, in a deal Fox says will grow its broadcast reach to nearly 50% of U.S. households. FierceVideo article

> Conjuring up images of the second-generation Chromecast streaming adapter but packed with a UI and other capabilities, Google used this week’s I/O developer’s conference to introduce an Android TV streaming dongle for developers that supports both 4K and HDR. Multichannel News article 

> Dish Network’s Charlie Ergen didn’t offer many new details on the company’s plan to build a wireless network for the internet of things. He declined to comment on whether Amazon would use the network, he wouldn’t say whether Dish would purchase more spectrum, and he wouldn’t comment on Dish’s possible discussions with Sprint and T-Mobile. FierceWireless article

> Integration of data-intensive workloads, such as artificial intelligence and machine learning, for enterprises will help increase the off-premise cloud service market to $374 billion by 2022 with a five-year compound annual growth (CAGR) rate of 17.7%, according to a report by IHS Markit. FierceTelecom article

> Nexstar Media today announced its first-quarter results, including a 13.9% increase in revenues totaling $615 million along with operating income totaling nearly $118 million. FierceVideo article

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