New Owner Sale of TV Guide for 1 Needs to be Taken

first_imgIt came as startling news to many when the financial terms of TV Guide’s sale were revealed, showing that California-based investment firm OpenGate Capital paid $1—less than the cover price of one single issue—to purchase the print brand from owner Macrovision. On top of that, Macrovision said it would lend OpenGate up to $9.5 million at a surprisingly low 3 percent interest rate.Is this like paying the garbage man to take your trash away? It seems crazy that Macrovision, after its acquisition of Gemstar-TV Guide for $2.8 billion, would cough up nearly $10 million in loans, to an investment firm no less, to get the magazine off its books. There again, in this rollercoaster of an economic environment, anything is possible.According to OpenGate founder and managing partner Andrew Nikou, terms of the sale need to be “taken into perspective.” Here is his statement regarding the acquisition terms, via a TV Guide spokesperson: “Macrovision’s recent disclosure of the terms of the sale of TV Guide need to be taken into perspective, given the magazine’s history and unprecedented relaunch in 2005.TV Guide is a company with an exceptionally strong foundation, built around a subscriber base of over 3 million, a weekly readership in excess of 21 million, a powerful brand that commands trust and loyalty, and a world class organization able to produce a leading entertainment magazine with stunning photography and unique features-driven editorial content.However, the magazine’s reinvention from a listings guide to a contemporary television entertainment magazine has been not only highly promising and successful to date, but has also been a very costly undertaking. With losses over $20 million in 2007 and further losses expected in 2008, all of this combined with significant deferred subscription and other operational liabilities, OpenGate is stepping in with the commitment to successfully complete the magazine’s turn-around, which targets restored profitability by the end of 2009, and to re-establishing TV Guide as the premier television entertainment magazine in the country.This commitment will enhance the value of this unique franchise and is a tribute to the underlying strength and potential of the brand that has so far demonstrated its ability to withstand the test of time.”last_img read more

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Microsoft Sony partnership What does it mean for consumers

first_imgIBTimes VideoRelated VideosMore videos Play VideoPauseMute0:00/0:50Loaded: 0%0:00Progress: 0%Stream TypeLIVE-0:50?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … In an unexpected turn of events, Microsoft and Sony announced on Thursday that they will be working collaboratively for the development of cloud services and more. The two tech giants have come together after a gruelling 10-year old rivalry to develop the future. This not only marks the beginning of an unexpected (but secretly wished for) venture but also proves that when needed, even fierce rivals are willing to come together and collaborate for a better tomorrow.The partnershipAs per their agreement, “the two companies will explore joint development of future cloud solutions in Microsoft Azure to support their respective games and content-streaming services.” Thus, it is expected that Microsoft Azure will play a key role in the partnership.Kenichiro Yoshida, the president and CEO of Sony said, “For many years, Microsoft has been a key business partner for us, though of course, the two companies have also been competing in some areas. I believe that our joint development of future cloud solutions will contribute greatly to the advancement of interactive content.”He also mentioned the collaboration of the two companies in the areas of semiconductors and AI, hopeful that a new value for society will be created by “leveraging each company’s cutting-edge technology in a mutually complementary way.” This announcement comes barely a month away from the world’s biggest gaming conference, E3. Kenichiro Yoshida, President and CEO, Sony Corporation (left), and Satya Nadella, CEO, MicrosoftMicrosoftOf course, here rises the question of the level of advancement the new alliance can bring into the world. We have seen some spectacular technology being developed by both companies over the years. Microsoft has been developing innovative consumer-level products for the world, including the mixed-reality-based HoloLens.Sony gave us the PlayStation VR, which enabled users to experience a whole new level of immersion. Their upcoming console is also touted to have top-of-the-line specs with an SSD for cutting loading times, ray-tracing abilities and 3D audio support.Microsoft did not get daunted by these announcements, promising that the upcoming Xbox will be more powerful than Sony’s console. This spat between the giants is another reason to think about possible ulterior motives behind this partnership.What does this mean for consumers?It is tempting to think about the future of this partnership: Has the age-old rivalry really ended? Will we be able to see cross-platform gaming across all titles?We have seen how Microsoft has been trying to change the way games are played. ‘Play Anywhere’ allows certain Xbox games to be played on the PC by cloud-saving the save states. Sony came into the industry earlier with PlayStation Now, but they lack the infrastructure that Microsoft has been developing. Both these services are distinct, yet with this new collaboration, it seems possible that the two companies can consider bringing more than just cross-platform play into the picture. Microsoft – Sony join handsReutersMicrosoft’s CEO, Satya Nadella said, “Sony has always been a leader in both entertainment and technology, and the collaboration we announced today builds on this history of innovation.”However, it isn’t advisable to jump to conclusions. Kyle Orland from Ars Technica believes that this may be a ‘keep your enemies closer’ scenario where both companies have their own interests at heart – Sony wants to use Microsoft’s advanced cloud technology, while Microsoft wants to squeeze that creative juice out of their new allies.Theorising aside, we can break down facts about the industry’s plans. Google has announced its own streaming service, Stadia, which seemed a very exciting technology during the demos. Moreover, reports suggest that Amazon may be developing its own cloud-based streaming service to add to the competition. This strengthens the possibility of obsolescence of gaming consoles by replacing them with streaming boxes.Is this the endgame for consoles?Gaming consoles may not become obsolete, because, for one, both Microsoft and Sony are hard at work with their new consoles (which already have been confirmed to have high-end CPUs and GPUs). At the same time, we have reason to believe that consoles meant specifically for gaming may be replaced by consoles which specialise in streaming, changing the way people game altogether. The logo of Sony Corp’s PlayStation is seen next to a woman at its booth during the Tokyo Game Show 2014 in Makuhari, east of Tokyo September 18, 2014.REUTERS/Yuya ShinoStreaming consoles are probably going to be a big thing, with Microsoft already having announced one console without support for physical media. If you’re wondering what the difference would be, these consoles will have high-end network cards and high RAM capacity to support the game as they stream the environment.It would be nice to see connectivity to multiple screens over a wireless network, but that is just wishful thinking. It is highly likely that companies will offer some sort of subscription for the gaming service, which will also be tiered according to genre or publisher.That change, however, is a thing of a future that is pretty far away. Most existing gamers would prefer having a quality, seamless experience of a dedicated gaming device that streaming a video of a game simply cannot replicate. The prospect of playing Forza and The Last of Us on a cheap streaming box or phone seems enticing, yet impure. Sure, freedom to game is important, but playing The Witcher 3 on a 6-inch phone will undoubtedly take away from the experience.Choppy frames, input lag and low-resolution streaming can be major problems for the next generation. However, as is the thing with technology, these problems will soon be overcome as newer infrastructure rolls in. With mixed reality, cloud gaming, and the ever-improving infrastructure, there may be a day when all games will be available for any screen at any time at low-priced subscriptions.This alliance creates tension for some in the community and opens exciting prospects for others. Developers and consumers alike can look forward to technology that will be more accessible than ever and allow for even greater levels of immersion. Microsofts mixed reality capture studios let people make their own hologramscenter_img Closelast_img read more

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BNP nominates GM Siraj for Bogura6 bypolls

first_imgBNP secretary general Mirza Fakhrul Islam Alamgir hands over party letter to GM Siraj nominating him as a candidate for Bogura-6 by-polls. Photo: UNBBNP has finally kept trust in its former MP GM Siraj by allocating the party election symbol ‘Sheaf of Paddy’ for him to contest the by-election to Bogura-6 parliamentary seat, reports UNB.BNP secretary general Mirza Fakhrul Islam Alamgir on Sunday handed over a party letter to GM Siraj at BNP chairperson’s Gulshan office nominating him as the candidate of ‘Sheaf of Paddy’ for the by polls. Siraj, also BNP’s Bogura district unit convener, got the party’s letter just a day before the schedule for the distribution of symbols by the returning officer. On 30 April, the parliamentary seat was declared vacant as Fakhrul did not to take oath of office though he was elected MP from the constituency in the 30-December polls.The by-polls to the Bogura-6 constituency will be held on 24 June, according to a schedule announced by the election commission on 8 May.As per the by-polls schedule, the deadline for the submission of nomination paper is 23 May, while the date for scrutinising nomination paper is 27 May and the last date for the withdrawal of candidature is 3 June.The eight-hour balloting period will begin at 9:00am instead of 8:00am in the by-election while Electronic Voting Machines (EVMs) will be used in all the polling stations of the constituency.last_img read more

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Abbott Appears Undecided On Signing TextingWhileDriving Ban

first_img Share Paul Ladd/AP Images for ReliantTexas Gov. Greg Abbott speaks at the valve turning ceremony for the Petra Nova carbon capture and enhanced oil recovery system on Thursday, April 13, 2017, in Fort Bend County, southwest of Houston.Gov. Greg Abbott appears to be undecided on whether he will sign a proposed statewide ban on texting while driving that is now on his desk. Abbott’s predecessor, Rick Perry, vetoed such a proposal in 2011, calling it a “government effort to micromanage the behavior of adults.” It looks like Abbott’s hangup on the latest effort, House Bill 62, is whether it does enough to pre-empt local ordinances regarding the practice. “The Governor believes texting while driving has become deadly dangerous and that something must be done about it,” Abbott spokesman John Wittman said Thursday in a statement. “One thing Governor Abbott wanted in a texting while driving ban was a pre-emption of the patchwork quilt of local regulations across the state, and he’s looking forward to digging into the details of HB 62.” House Bill 62 includes a provision to pre-empt “all local ordinances, rules or other regulations adopted by a political subdivision relating to the use of a portable wireless communication device by the operator of a motor vehicle to read, write, or send an electronic message.” It is unclear whether that will satisfy Abbott, who has taken an aggressive stance against local ordinances that he says are contrary to his vision for Texas.The proposal’s longtime supporters, state Rep. Tom Craddick, R-Midland, and state Sen. Judith Zaffirini, D-Laredo, have expressed confidence the governor will sign it after a decade-long effort to get it on the books. State leaders have warmed up to the idea over the years, with Abbott opposing it in his 2014 gubernatorial campaign but saying last session he would consider it.Asked for comment, Craddick’s office pointed to the pre-emption section of the bill but declined to comment further.Since the House and Senate passed HB 62, the bill’s supporters have implored Abbott to let it become law. In a letter Thursday, he heard from the family of Joshua and Robin Berry, a Houston couple killed in 2011 after a distracted driver swerved into their lane.“Please allow this important public safety measure to pass,” the family wrote. “You alone have the power to save lives with the enactment of House Bill 62.”This article originally appeared in The Texas Tribune at https://www.texastribune.org/2017/05/25/abbott-appears-undecided-signing-texting-while-driving-ban/.Texas Tribune mission statementThe Texas Tribune is a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues.last_img read more

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Vietnamese treat for Delhiites

first_imgThe easternmost part of Asia just got closer to the Capital. How? On the occasion of Vietnam Cultural Days in India celebration, Indian Council for Cultural Relations (ICCR) and the Embassy of Vietnam staged a cultural performance of Vietnam’s music, dance, song and theatre.Attended by VU Van Ninh, prime minister of Vitenam and Ambassador Nguen Than Tan, the event was held at Rashtrapati Bhawan in collaboration with Premjit Singh Manipuri and the Vietnam National Music, Song and Dance Theatre. Also Read – ‘Playing Jojo was emotionally exhausting’Established in 1951, the national Vietnamese theatre group is a part of the Ministry of Culture, Sport and Tourism of Vietnam. Since then it has brought together multifarious artistes in the fields of national folk music, dance and song under one roof.The group has won many accolades at both national and international levels and has performed across the country at many festivals. It now comes to Delhi to showcase its best of the talent and art.‘The cultural festival provides a stable foundation for our interactions in tangible areas related to economy, commerce and politics in Vietnam. The gala celebration demonstrates the shared traditions between India and Vietnam,’ said Dr Suresh K Goel, Director General, ICCR. Also Read – Leslie doing new comedy special with Netflix‘The Theatre group artists have been officially trained at domestic and international music institutions. There are nearly 61 ethnic minority people groups in Vietnam that forms the crux of the team and hone their talent at a nascent age,’ said Nguyen Than Tan, Ambassador of Vietnam to India.The celebrations will continue to spread its fervour and flavour in the coming days with many events. They include Vietnam Lotus Dance (H?n Sen Vi?t) which is about the journey of a lotus bud to a full-grown flower and like India, Vietnam also considers lotus as its National flower. Second on the list is a flute music performance called H?n hò, meaning Dating. It’s about creating that sacred bond between nature and human beings.Also a duet song will be performed by both Vietnamese and Indian artistes together called Tuong phùng tuong ng? (Whenever we meet each other) and Pal pal ha pal. The song signifies the spirit and sharing of goodwill whenever we meet each other.The ceremony will be closed with Chi?u d?i ngàn (The immensity of the Central Highlands in the afternoon), a musical evening taking you on a trip to Vietnam central Highland which is endowed with beauty of mother nature.Go for this festival to find out more about Vietnam and get enthralled.DETAILAt: ICCR Azad Bhawan, IP Estate When: 9 JanuaryTimings: 6.30 pmlast_img read more

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Airbnb introduces MvRx a new Android framework for easier faster and highquality

first_imgYesterday, Airbnb open sourced MvRx (pronounced mavericks), their Android architecture. MvRx received an astounding adoption rate when it was first introduced to the engineers at Airbnb in July. Later, it became their standard way of writing screens and now it is used for nearly all of their product development. Due to its popularity among Airbnb’s app developers, they have decided to share it with all Android developers. MvRx is based on Kotlin, which helped MvRx’s developers to leverage several powerful features provided by the language to build a cleaner API. It is built on top of the following technologies and concepts: Kotlin Android Architecture Components RxJava React (conceptually) Epoxy (optional but recommended) Why you should use MvRx? Using MvRx you will be able to write simple and complex Android screens easily. MvRx also helps making certain tasks easier and faster for Android app developers such as: Saving view state and business logic in onSaveInstanceState properly Creating layouts with a toolbar, RecyclerView, and footer over and over again Executing the onSuccess and onFailure handlers for asynchronous requests Dealing with the Android lifecycle What are its core concepts? State: MvRxState is an interface that you need to extend with an immutable Kotlin data class. It contains the properties necessary to render your screen. ViewModel: All the business logic and anything other than just rendering views is handled by MvRxViewModels. It extends Google’s ViewModel. The following lifecycle diagram clearly illustrates how ViewModels simplify lifecycles on Android: Source: GitHub View: MvRxView is a simple interface that users see and interact with. It is a LifecycleOwner consisting of a invalidate() function that gets called any time there is a change in the state of its ViewModels. Async: MvRx makes handling async requests like fetching from a network or a database easier using Async. It is a Kotlin sealed class with four types: Uninitialized, Loading, Success, and Fail. MvRx provides an extension to map Observable to an Async property on your state to make executing network requests and other actions easy with a single line of code. How can you install it? To use MvRx, you need to add the following dependency to your project in the build.gradle file: dependencies { implementation ‘com.airbnb.android:mvrx:0.5.0’} To know about the other details of MvRx, you can refer to its GitHub repository and also read Airbnb’s official announcement. Read Next RxAndroid 2.1.0 is out with a newly added Async API! Dagger 2.17, a dependency injection framework for Java and Android, is now out! Did you know your idle Android device sends data to Google 10 times more often than an iOS device does to Apple?last_img read more

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