NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

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Software maker Microsoft Corp is selling about 1,500 of its patents to Chinese device maker Xiaomi [XTC.UL], a rare departure for the U.S. company and part of what the two companies say is the start of a long-term partnership. The deal, announced on Wednesday, also includes a patent cross-licensing arrangement…

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Panasonic Corp on Tuesday said it will close its unprofitable television screen manufacturing business, leaving Sharp Corp as Japan's sole TV panel maker. A Panasonic spokeswoman said the company will stop producing TV screens at its plant in Himeji, western Japan, by the end of September. The plant, where production…

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Nielsen estimates that the number of homes with cable TV subscriptions will be down 2.2% in June, and that the average network will see its penetration drop by 3%. The TV business and Wall Street are keeping a close watch on subscriber numbers to track the pace of cord cutting…

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Microsoft said on Tuesday that Britain should stay in the European Union if it wanted to receive more investment, the same day the Confederation of British Industry urged firms to discuss the vote with staff. The US software giant employs 5,000 staff in Britain and plans to offer Europeans remote…

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Nexstar Broadcasting Group, Inc. announced that it entered into three definitive agreements to divest five television stations in four markets. The proposed divestitures mark an important first step in fulfilling Nexstar’s commitment to regulatory bodies to consummate its previously announced agreement to acquire Media General Inc. (MEG) (“Media General”), and…

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The Philippines' top two telecoms firms agreed to buy conglomerate San Miguel Corp's (SMC.PS) assets in the sector for nearly $1.5 billion in a joint deal they said will significantly upgrade slow internet services that have been a drag on one of Asia's fastest-growing economies. In separate statements on Monday,…

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Graham Holdings Co Deal for $60 million. Reached an agreement with Nexstar Broadcasting Group, Inc. And media general, inc. To acquire WCWJ. Graham Media Group, Inc. will continue to operate both stations under their current network affiliations. Graham Media Group agrees to acquire WCWJ, CW affiliate in Jacksonville, FL and…

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Microsoft and Facebook have joined hands to lay a giant state-of-the-art sub-sea cable across the Atlantic Ocean connecting the US with Europe and beyond so as to facilitate faster speed and access to the Internet. The new "MAREA" cable will help meet the growing customer demand for high speed, reliable…

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Thailand's Advanced Info Service PCL (AIS) on Friday won a licence to operate a fourth-generation (4G) mobile phone network, in the last of a series of spectrum auctions that could lead to over $12 billion in government revenue and investment. AIS, the country's biggest mobile network provider, was the only…

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Mediaproxy — a broadcast compliance logging and content monitoring company — is the latest to join the ranks of the Alliance for IP Media Solutions (AIMS), a group of media and broadcast industry suppliers promoting open standards and interoperability for the industry’s transition to IP. The company specializes in enabling…