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OTT Video News, Deals, Launches and Products

Verizon has been confirmed as the mystery counter bidder in the race for US spectrum license holder Straight Path Communications, as the company announced it had accepted Verizon’s $3.1 billion bid over AT&T’s $1.6 billion offer. Verizon will pay AT&T a $38 million termination fee. The largest owner of local TV stations in the US, Sinclair Broadcast Group, is acquiring Chicago-based media company Tribune Media for $3.9 billion – the latest move in US media consolidation following the FCC’s more lenient stance of late. Nexstar Broadcasting Group and 21st Century Fox had both looked at acquiring Tribune, which operates 173 TV stations in 81 markets. Vodafone Spain has teamed up with BeIN Sports to be the country’s exclusive operator showing…

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