SES, the satellite fleet giant whose transponders once ruled Earth’s entertainment orbit, has belatedly begun the gradual dismantling of its TV business. This is one of those bittersweet failures which Faultline must preface with: “We hate to say we told you so.” The Luxembourg-based company is selling a swathe of media services assets—including playout, content management, and IP delivery tools—to German satellite communications group MBS (Media Broadcast Satellite), for an undisclosed fee. There is plenty missing from the communication, including whether the transaction includes assets such as the SES HD+ platform, which evolved from a pure premium satellite offering in 2009 into a HbbTV system baked into all new UHD TV sets sold in Germany. We sense that SES…