SEOUL, Dec. 11 (Korea Bizwire) – CJ OnStyle, a major South Korean home shopping channel, has cut ties with three cable TV operators—D’Live, ABN (Areum Broadcasting Network), and CCS Chungbuk Broadcasting—after negotiations over broadcasting fees collapsed. The unprecedented move has drawn attention, with industry insiders attributing the decision to CJ OnStyle’s strategic pivot toward mobile [...]
SEOUL, March 4 (Korea Bizwire) — Cable TV broadcasting companies plan on offering a more inclusive broadcasting service for multicultural families and residing foreigners by adding subtitles in various languages as they join the effort to overcome the coronavirus. The Korea Cable Television and Telecommunications Association announced that 78 local cable broadcasting companies across the [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korea’s telecom players and cable TV network operators are set to join forces to retain and attract more customers in the face of toughening competition with global content providers, gearing up for a major shift in the local media market. The process of mergers and acquisitions (M&As) between [...]
SEOUL, Apr. 27 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. said Friday that its wholly owned fixed broadband subsidiary agreed to merge with No. 2 cable TV operator t-broad in a deal worth 4.7 trillion won (US$4.1 billion), paving the way for the expansion of the telecom firm’s media business. SK [...]
SEOUL, Mar. 15 (Korea Bizwire) — LG Uplus Corp. on Friday sought approval from the government to purchase a majority stake in leading cable TV operator CJ Hello, officials said. The Ministry of Science and ICT will review whether South Korea’s No. 3 mobile carrier’s move to become the largest shareholder of CJ Hello is [...]
SEOUL, Nov. 23 (Korea Bizwire) – Imagine watching all of your favorite YouTube shows on TV. South Korea’s leading content and media company CJ E&M plans to make that a reality by creating a cable channel dedicated to such shows and the creators who produce them. It will be called DIA TV, an acronym for [...]