Agents & Brokers Attorneys & Title Companies Company News Investment Investors Lenders & Servicers Mortgage Bonds Mortgage-Backed Securities Processing Service Providers Subprime Loans 2012-07-23 Ryan Schuette Walnut Place Drops Suit in Countrywide Settlement A major player in the ongoing Countrywide settlement dropped its suit against the defunct mortgage unit on Monday.[IMAGE]According to “”_Reuters_””:http://in.reuters.com/article/2012/07/23/us-bankofamerica-mbs-walnut-idINBRE86M12020120723, Walnut Place, otherwise known as “”Baupost Group””:https://www.baupost.com/, withdrew objections to a proposed $8.5 billion settlement currently under way with Bank of America, which bought Countrywide in 2008.The news service said that a tentative deal had been reached by institutional investors last year to settle allegations that the mortgage unit systematically misrepresented junk mortgage-backed securities in the lead-up to the financial crisis. Walnut Place reportedly sought buyback claims from the lender for roughly $1 billion in soured mortgage bonds. According to “”_Bloomberg News_””:http://www.bloomberg.com/news/2012-07-23/walnut-place-seeks-to-withdraw-from-bofa-case.html, the New York Supreme Court threw out the suit, a move that an appeals court upheld in March.Speaking with _MReport_, a spokesperson with “”Bank of America””:https://www.bankofamerica.com/ declined to comment on the story._Reuters_ quoted Dan Reilly, an attorney representative of American International Group Inc., as remarking that Walnut Place will stay with the case despite dropping claims.””We’re still going forward,”” he told the news service. “”We’ve got a hearing next week and all the issues that have been raised are still in play.””””Barclays””:http://group.barclays.com/home researchers responded to the withdrawal by saying they expect the Countrywide settlement will wrap up in early 2013. July 23, 2012 436 Views Share in Data, Government, Origination, Servicing
23Jan LaFave: House boosts accountability with online salary information State Rep. Beau LaFave, of Iron Mountain, today applauded a new website that increases transparency by providing taxpayers easy access to information about salaries for every employee of the Michigan House of Representatives, including lawmakers.LaFave said taxpayers rightfully demand accountability from state government.“You deserve to know how your tax dollars are spent, and I want this office to be as open as possible,” LaFave said. “This website is one way we are working to make state government more accountable and transparent.”The salary database is available at http://house.mi.gov/PDFs/salaries.pdf .### Categories: LaFave News,News
Categories: Crawford News 11Jan Rep. Crawford excited to continue serving Oakland County State Rep. Kathy Crawford of Novi looks forward to continuing to serve community members in the 38th District. Mindy Fernandes will serve as Rep. Crawford’s legislative director and Jason Lachowski as her director of constituent relations.Rep. Crawford finished the 2017-2018 session with a perfect voting record and is excited to continue representing her neighbors, friends, and family as Michigan’s 100th Legislature begins.“It’s been an honor to serve the residents of southwest Oakland County for the past four years and advocate for what’s important to our communities,” Rep. Crawford said. “I look forward to continuing the good work we’ve already started and being the voice for our district in Lansing.”People can contact Rep. Crawford by calling (517) 373-0827 or emailing KathyCrawford@house.mi.gov. Correspondence can also be mailed to S-877 House Office Building, P.O. Box 30014, Lansing, MI 48909. Information on in-district office hours will be released in the near future.Rep. Crawford is currently serving her third and final term in the state House.
State Rep. Julie Calley of Portland announced today she will host her second photography contest for constituents in Barry and Ionia counties. The theme for the photo contest is the four seasons. There will be one winner chosen for each season.The winning photos will be displayed in Rep. Calley’s Lansing office and the photographers will be invited to join her in Lansing in order to unveil the pictures. In addition, four runner-up photos will be displayed in the lobby of her office.“Michigan is diverse in its beauty,” Calley said. “Every season in Michigan has its own allure, so I look forward to seeing our communities highlighted throughout various times of the year.”Photos may be emailed to JulieCalley@house.mi.gov or mailed to N-1191 House Office Building, P.O. Box 30014 Lansing, MI 48809. Qualified participants must live within the district that Calley serves. Photo submissions should include name, address and contact information of the individual. The deadline is March 31.Questions about this contest may be directed to 517-373-0842 or JulieCalley@house.mi.gov. Categories: Calley News 01Mar Rep. Calley hosts local photo contest
ShareTweetShareEmail0 SharesJune 30, 2014; SF WeeklyNonprofits in high-rent towns like New York and San Francisco are having a hard time with space, and so it is perhaps no surprise that at the end of July, Under One Roof, a historic social enterprise in the Castro District of San Francisco will close after 23 years.“The key decision factor in closing the organization is the expensive rent in the Castro District, which is where we experience the strongest sales,” according to the group’s chairman, Tim Smith. “We are a nonprofit retail organization and the overhead simply prevents us from achieving our goals.”Since 1991, Under One Roof has donated 100 percent of its profits to organizations working on AIDS, for a total of $4 million. The Castro Street storefront will close on July 31st, but before that, they are selling as much as they can.“While we’re saddened that we’re winding down the organization, we’re committed to raising as much as we can for our beneficiaries,” Smith said. “[On Friday], the store was packed and sales exceeded our expectations so we’re feeling inspired and feeling a great deal of pride.”—Ruth McCambridgeShareTweetShareEmail0 Shares
ShareTweetShareEmail0 SharesJuly 15, 2014; Street Roots NewsLast year, Pope Francis shook up the public with what’s now an amazingly famous quote in response to a reporter’s question: “If someone is gay and he searches for the Lord and has good will, who am I to judge?” While there have been multiple interpretations of what the Pope meant and even what he was responding to in specific, the statement nonetheless represented in many the hope of a softer, more human, more open attitude of the Catholic hierarchy toward LGBT persons.While the Pope and the Vatican might (or might not) be more open to LGBT populations, U.S. Catholic bishops appear unmoved in their strictures around funding denials for groups that have any association with the concept of marriage equality. Writing for Street Roots News, Joanne Zuhl reports that the Voz Workers’ Rights Education Project, a day laborer organization in Portland, Oregon, turned down a $75,000 grant from the Catholic Campaign for Human Development because CCHD would have required Voz to drop its affiliation with the National Council of La Raza.The reason? NCLR supports marriage equality.Voz’s development director, Ranfis Villatoro, said that the organization was shocked by the CCHD demand, which was conveyed to them during a conference call. Voz itself had never taken a position one way or the other on marriage equality, but decided to stand by its affiliation with NCLR.If your organization is like La Raza, you might have the financial wherewithal to face off against even CCHD. NCLR’s Fiscal Year 2012 Form 990 reported revenues of $37.8 million and an end-of-the-year fund balance of $45.8 million. For Voz, the sacrifice of $75,000 takes courage, as the organization’s annual budget is only $310,000, according to Zuhl. A couple of local groups such as Basic Rights Oregon and Freedom to Marry pitched in $12,500 to assuage Voz’s sacrifice, but the organizational decision nonetheless represents a powerful statement of principle.“The philosophy behind building borders between friends and allies has long been a debilitating instrument to slow the advancement of social justice and equity,” Voz’s Board of Directors said in a statement. “Alone we cannot achieve anything.”Voz is hardly the first organization to bump up against the CCHD’s funding standards and won’t be the last, given the typical language of CCHD application guidelines. For example, the language in the Diocese of Richmond’s CCHD guidelines reads as follows:“The activity for which funding is requested must conform to the moral and social teaching of the Catholic Church. Organizations that receive CCHD funds must not participate in or promote activities that contradict the Moral and Social teaching of the Catholic Church and must in no way work against the U.S. Conference of Catholic Bishops’ priorities to defend human life and dignity, strengthen family life and the institution of marriage, and foster diversity, or against the Legislative Agenda of the Virginia Catholic Conference. For example, organizations that support or promote same-sex marriage, discrimination, capital punishment, abortion, euthanasia, or punitive measures towards immigrants are not eligible for CCHD funding.”In addition to that statement in the grant criteria, the Diocese adds this statement of policy:“Moral and Social Teaching of the Catholic Church In light of the Catholic Church’s moral and social teaching, CCHD asks organizations requesting funding to understand and adhere to some basic principles which are central to the Catholic tradition. CCHD will consider favorably only those organizations which demonstrate respect for the dignity of the human person. CCHD will not consider organizations which promote or support abortion, euthanasia, the death penalty, or any other affront to human life and dignity.”Helping Latino immigrants, often undocumented, find work in Portland, Voz has provided services, it says, to gay and lesbian couples, but it would appear that the focus of Voz is on employment, not marriage equality. But for the CCHD, it appears that even a brush with NCLR or other organizations that have specific stances on marriage equality is too much for the bishops.In our experience, this has happened to other organizations, but they are reluctant to go public about the issue in the hope that somehow, quietly, CCHD will relent and let funding flow, at least for organizations whose activities aren’t directly related to promoting marriage equality. Still, while Pope Francis asks whether he is anyone to judge gays and lesbians, the bishops who administer CCHD anti-poverty funds appear to feel no such reluctance, even when the organization in question, like Voz, is simply giving aid and comfort to gays and lesbians, as opposed to taking advocacy positions on marriage equality.—Rick CohenShareTweetShareEmail0 Shares
Share5TweetShare5Email10 SharesJune 8, 2015; Daily BeastAlthough the state of Wisconsin has a population similar to Minnesota, its prison population is roughly double. This translates into one in thirty-nine people, or 88,920, who are under the supervision of the state’s Department of Corrections. These responsibilities lead to a department budget of $1,290,784,000, which is expected to grow to $2.5 billion by 2019. These expenses contribute to a state budget deficit of two billion dollars. The state’s activities are increasingly under a microscope, as its governor prepares for a run for president.Wisconsin’s Governor Scott Walker is expected to announce his presidential campaign next month. In preparation, he and other presidential contenders spoke at a forum hosted by Florida governor Rick Scott. In his speech, Walker discussed the country’s staggering prison population and highlighted his record handling nonviolent criminals. Specifically, he stated, “In our state, we have relatively few [people incarcerated for committing nonviolent offenses] compared to the federal government.” Then, Walker added, “The challenges in terms of people being incarcerated for relatively low offenses is not a significant issue in the state of Wisconsin.”Sadly, according to many nonprofit organizations across the state, his record, unlike that of other presidential candidates including Ran Paul and former Texas Governor Rick Perry, does not completely match his declarations. Wisconsin’s prison population has more than tripled since the 1990s and its efforts are not cheap. In fact, the Department of Corrections budget of $2.315 billion is larger than the university system’s budget of $2.247 billion.In addition, the state’s incarceration rate for minorities is much larger than all other states. According to one of the state’s largest newspapers, 12.8 percent, or one out of eight African American men between the ages of 18–64 are incarcerated. This rate is nearly double of the nation as a whole, as well as significantly higher than Oklahoma, which incarcerates the second-highest percentage, 9.7 percent. In the county with the largest population, Milwaukee County, over half of African American men in their thirties have served time in state prison.One of the main reasons is the state’s truth-in-sentencing law introduced by then-legislator Walker. It took effect in December 31, 1999, and is one of the toughest in the nation. It requires all offenders regardless of their crime to serve every day of their sentence. Many other states have truth-in-sentencing laws, but they only apply to violent crimes.Another factor is the large number of people re-incarcerated after violating their parole. In 2013, the state sent 8,000 people to prison, and more than half were incarcerated because they broke a rule of their probation. Overall, the state spends more than $100 million a year housing people who violated their parole requirements. According to Mark Rice, who chairs a revocation workgroup for the criminal justice reform organization WISDOM, these offenses include using a computer or cellphone without authorization, entering a bar, borrowing money, or crossing county lines.WISDOM is a grassroots organization of mostly religious congregations of many denominations advocating on social justice issues. About 160 congregations practicing nineteen different religious traditions participate in the group’s activities. One of their campaigns is 11×15, which fights for reducing the state’s prison population by half to 11,000 by the end of 2015 through the funding of alternatives to incarceration.Governor Walker has focused resources on alternatives to incarceration that include day reporting centers and mental health and drug courts. These efforts have decreased the number of people incarcerated. Data from the Department of Corrections calculated the state’s recidivism rate of 14.3 percent in 2011—almost half the rate in 2009 of 30.1 percent.Sadly, even if Wisconsin were able to achieve WISDOM’s goal of 11,000 by 2015, the state would still have a higher incarceration rate than the State of Minnesota.—Gayle NelsonShare5TweetShare5Email10 Shares
Central and Eastern European broadcast group CME will launch its new male-skewing Czech channel Fanda this weekend.The service from the Time Warner-backed company will be programmed with series, movies, adult and sports content and be distributed via cable, DTH, IPTV and online. Fanda will be CME’s fifth channel in the Czech Republic.
UK free-to-air satellite platform Freesat added 29,000 new homes in the first quarter of 2013, capping a strong year of growth for the service. Freesat said that it added 150,000 homes in the last 12 months, more than both Sky and Virgin Media combined, and that its service is now in 1.7 million homes – 6% of the UK.In 2012/2013 Freesat said 51% of its customers switched from pay-TV, the majority from Sky, according to its own customer research. This also indicated that just over 25% of homes are considering changing TV service provider in 2013.“Everyone of us across the UK is continually reassessing how we spend our money, and with 79% of viewing across all platforms, including pay, going to free channels, and 52% going to the top five channels – having a monthly TV subscription just doesn’t make sense for most people,” said Freesat MD Emma Scott.Freesat said it has sold 3.2 million boxes since it launched five years ago, with gross UK retail sales to date of £1.2 billion.
Over the top live TV service FilmOn is launching a system that automatically builds branded live TV sites and mobile apps, so that internet publishers can have free access to FilmOn’s content offering. “In less than five minutes affiliates can be up and running with their own web and mobile site branded with their corporate image preloaded with commercials and subscriptions packages. There are no setup charges and there are several options to add the content,” said FilmOn, announcing the move.FilmOn’s Live TV affiliate platform comes bundled with a content library of over 600 linear live TV channels and 45,000 Video On Demand titles, the firm said. FilmOn offers European, Asian and Middle Eastern Channels such as BBC and MBC and US networks like NBC, CBS, and FOX.
Pay TV operators, rather than dedicated online services, will dominate the online subscription TV market in the coming years, according to Strategy Analytics. The research firm predicted that the growth of online subscription TV would herald “the end of the first phase of online viewing which saw the rise of on-demand specialists such as Netflix and ad-supported platforms such as YouTube.”In its 2013 Global OTT Forecast, Strategy Analytics added that though online subscription TV is “only just beginning to make an impact”, it will be the principal driver for OTT spending growth in the next five years, with global spending set to accelerate to US$4.7 billion (€3.53 billion) in 2018 – the lion’s share of which will be concentrated in Western Europe and North America.“We are entering a new phase in the evolution of TV distribution over the public internet. Pay TV service providers are recognising the defensive imperative in ensuring they have a major say in the development of online TV. Standalone online subscription TV addresses the holdouts who will not be swayed by traditional premium TV offerings by promising high quality content including, crucially, live sport, shorter commitment periods, a lower cost of entry and much simpler installation and hardware requirements than traditional, ‘full fat’ pay TV services,” said Strategy Analytics’ director of digital media strategies, Ed Barton.Citing the likes of Sky in the UK’s Now TV service, Strategy Analytics said the most successful online TV subscription services will come from pay TV service providers leveraging existing content rights and broadcaster relationships.It also predicted that startups like Magine and Aereo will generate strong growth and said they would be “prime targets for service providers who are late to the online TV party.”“While the next few years will see standalone online subscription TV services proliferate there are numerous issues the TV ecosystem needs to work through in the dash to deploy. Content rights and windowing will be impacted on a territory-by-territory basis while deployments will need to be designed in order to minimise cannibalisation of the core pay TV business,” said Barton.“We expect to see bundling of online TV subscriptions with network access deals and device sales in the drive to build customer numbers. Once these services are established in the marketplace spending will accelerate and that is when we will see the extent to which online subscription TV can truly impact the huge spending volumes pay TV delivers today.”
Alcatel-Lucent is launching a new ultra-broadband optical fibre access solution for cable multiple-system operators (MSOs).The firm said that the new Ethernet Passive Optical Networking (EPON) solution can be integrated into existing cable access networks to deliver greater capacity to more businesses at a lower cost.This is designed to let MSOs, particularly in North America, expand their service offerings to meet the growing data bandwidth needs of businesses, said Alcatel-Lucent.
Pan-European news channel Euronews has launched on UK live OTT TV streaming player TVPlayer.TVPlayer is operated by Simplestream and streams live TV across multiple devices from some of the UK’s major free-to-air broadcasters. The addition of Euronews takes the number of channels on the service to over 45. TVPlayer can be watched via the web or through downloads from the Apple App Storre, Google Play and the Amazon App Store. It is also set to launch on the Freeview EPG via connected TVs.“I am delighted with this agreement between Euronews and TVPlayer, enabling us to share our channel to the UK’s fastest growing TV platform. Euronews integrates perfectly into TVPlayer’s offering. The agreement also brings Euronews into a large audience, strengthening its presence in the UK,” said Arnaud Verlhac, director of worldwide distribution, Euronews. “The launch of Euronews on TVPlayer is an exciting addition to our platform. In a fast-pace digital age, consumers expect to be kept up-to-date on world news and current affairs, which they seek out online and using their mobile phone. We are pleased that we have been working with Euronews to bring their 24 hour world news coverage to a captive audience in the UK,” said Lewis Arthur, platform manager of TVPlayer.
PlayStation VRSony has pushed the launch of its PlayStation VR headset to October, claiming it needs more time to launch with a “broad variety of content and a sufficient supply of hardware”.The PlayStation VR, which will be powered by Sony’s PlayStation 4 games console, will now be available later in the year priced at US$399, having initially been expected in the summer.Announcing the pricing and release date, Sony president and global CEO, Andrew House, said that PlayStation VR represents a “transformative experience in gaming” and thanked customers for their “patience and continued support.”“Today more than 230 developers are building content for PlayStation VR, from smaller independent teams to larger studios at the industry’s top publishers,” said House in a blog post coinciding with the Game Developers Conference in San Francisco.“We expect to have more than 50 games available from launch in October 2016 until the end of the year.”Sony also said that The Playroom VR – a package of six games from Sony’s own Japan Studio – will be available as a free download to PS VR owners from launch.
Dirk GerkensFormer RTL Hungary chief executive and current chief of rival broadcaster TV2 Dirk Gerkens is suing his former employer over his dismissal last year, according to local reports.According to newspaper Népszabadság, cited by other media outlets, Gerkens is suing RTL for lost salary and other losses to the tune of €310 million.RTL is meanwhile reportedly responding by threatening to sue Gerkens for close to €1 million over breach of contract.Gerkens was closely involved in RTL’s dispute with the Hungarian government over the latter’s introduction of a controversial advertising tax, widely seen as being specifically targeted at RTL, and his departure was welcomed by the government.RTL, as reported by Hungarian media, denies that Gerkens’ departure had anything to do with the Hungarian government’s objections.Gerkens left his post in March last year and was replaced on an interim basis by RTL Group’s regional chief, Andreas Rudas. RTL said at the time that it planned to hire a Hungarian executive for the post to “strengthen RTL Group’s ties with the Hungarian society”.In July last year, RTL named sales chief Gabriella Vidus as its new country’s CEO.
Official SpaceX Intelsat 35e mission patchThe launch of Intelsat’s new satellite, Intelsat 35e, has been aborted at the last moment for the second time in two days.Yesterday’s launch from Cape Canaveral on a SpaceX Falcon 9 launch vehicle was halted 10 seconds before the planned take-off time, prior to rocket ignition.SpaceX attributed the stand-down to “a violation of abort criteria” but said that the vehicle and payload are in good health with July 4 the next launch opportunity.SpaceX founder and CEO Elon Musk later tweeted: “We’re going to spend the 4th doing a full review of rocket and pad systems. Launch no earlier than 5th/6th. Only one chance to get it right…”During a live webcast of yesterday’s planned take-off, SpaceX’s Falcon 9 principal integration engineer said that “scrubbing at t-minus 10 seconds is not unusual when we test-fire the rockets in Texas or even at the launch site.“We run an abort sequence, as it’s called, so we can save the vehicle. We’ve already gone through that and we have moved on into offloading propellant in order to protect another launch opportunity.”A planned launch on July 2 was also halted after abort guidance was issued just before lift-off.On yesterday’s webcast, Insprucker said that a review of the vehicle after the previous day’s abort showed that the “guidance system and the flight vehicle were in good shape”.“We actually had a problem with the ground limits which we have since modified so we should not see that same abort today,” he said ahead of yesterday’s planned launch time.Intelsat 35e will be Intelsat’s fourth EpicNG satellite and is due to be placed into service at 325.5° East, replacing Intelsat 903, which is due to be redeployed to another Intelsat orbital location by year-end.Intelsat 35e will deliver high performance services in C- and Ku-band for wireless infrastructure, mobility, broadband, government and media customers in the Americas, the Caribbean, Europe and Africa.
YouTube has launched new functionality that makes it possible for mobile users to share videos without leaving the YouTube app.The video site said it is rolling out the new sharing feature globally, with a new tab on the YouTube mobile app allowing users to share videos with each other.“Not only can you share and receive videos in the app, you can also chat about them right on YouTube, reply with another video, invite others to the conversation, and more,” said YouTube product manager, Benoît de Boursetty.“We think it’ll make sharing easier, faster and more fun on your phone. And if you want to continue sharing videos through other apps, you can still do that too.”
Amazon has agreed two deals with ATP and ATP Media to broadcast live ATP tennis in the UK and Ireland and to add Tennis TV to its Amazon Channels line-up in the US .In the UK and Republic of Ireland, Amazon Prime Video has agreed live and on-demand distribution rights to the ATP World Tour – giving Prime members access to 37 ATP World Tour events from 2019 to 2023.Prime members in the UK and Ireland will also have on-demand access to completed matches, highlights, tournament review shows, press conferences, and additional original content.In the US, ATP Media’s direct-to-consumer streaming service, Tennis TV, will be added to Amazon Channels for Prime members on a non-exclusive basis starting in 2018.Subscribers to the Tennis TV via Amazon Channels will be able to watch more than 2000 live matches from the ATP World Tour, as well as on-demand content including classic matches and highlights.“We’re thrilled to work with Amazon across these two agreements, including a landmark UK rights deal from 2019, as it marks a pivotal moment in our sport. Our agreement with Amazon allows us to open up a digital space that is only becoming increasingly important in the world of sport and entertainment,” said Chris Kermode, ATP executive chairman and president.Jim DeLorenzo, head of sports, Amazon Video said: “Our goal is to deliver compelling content to Prime members. We are excited to bring our customers in the US, UK, and Ireland more tennis with the ATP World Tour and Tennis TV.”The two new deals follow the announcement in September that Amazon Prime Video has taken the worldwide streaming rights, excluding China, to distribute the Next Gen ATP Finals until the end of 2018.This includes exclusive video rights in the US, outside of Tennis TV, to distribute the tournament – a new men’s under-21s event, held in partnership with the Italian Tennis Federation and the Italian National Olympic Committee, which took place for the first time earlier this month.
Former Wananchi CEO Richard Alden has been freed after Kenyan authorities dropped a murder charge against him.Richard AldenAlden, who had been charged with the murder of Grace Wangechi Kinjanjui, was freed after the authorities accepted that Kinjanjui accidentally killed herself while helping to clear out the Alden family home in a Nairobi suburb in June 2016.On the day of her death, Kinjanjui, a friend of Alden and his wife, had gone to Alden’s home to help clear it out after Alden’s contract with Wananchi ended. Alden and his housekeeper were present in the property at the time.Alden took some paperwork from his safe, in which his gun was stored, and went to an adjoining bedroom to sort it out. He then heard a single shot and rushed back to find Kinjanjui lying on the floor, seriously injured. He subsequently hit a panic button, called the police and attempted to stem the bleeding of Kinjanjui’s wound. He then took Kinjanjui to hospital, accompanied by his guards and housekeeper. Alden was then arrested and later charged with murder.Alden, who pleaded not guilty to murder, always maintained that he had been elsewhere in the property when he heard the shot. He was cleared after hiring a private investigator, Jeffrey Katz, who had previously investigated the unsolved murder of banker Roberto Calvi in London in 1982, to help prove that his account of Kinjanjui’s death was true.Katz was able to show that the bullet that killed Kinjanjui had hit the bedroom floor first before hitting her on the rebound.Alden also received the support of Kinjanjui’s family, who accepted that she had killed herself accidentally.“Luckily I was able to engage good lawyers and private investigators that cleverly pieced together the available evidence and were able to conclude that it was an unfortunate accident, the gun being fired probably because she didn’t know it was loaded, the bullet striking a hard wood floor and rebounding,” Alden told DTVE.“Getting that tangible evidence in front of the prosecutor without having to wait for a long drawn out trial was a challenge but once we did they quickly realised that this was a case they were going to lose and dropped it.”Describing the incident as “bizarre from the outset…as well as tragic”, Alden said he had been “somewhat shocked by how quickly some of the press judged me even though the allegations were so totally out of character that some questions should have been asked.”Alden was appointed CEO of Kenya-based free and pay TV broadcaster and channel provider Wananchi Group in 2013. He previously served as CEO of Spanish cable operator Ono from 1998-2009 and also served on the board of Basque Country regional cable operator Euskaltel.
More than 50% of US broadband households own a smart TV and more than 40% have a streaming media player, according to Parks Associates research.The study also reported high ownership figures for games consoles, which feature in more US broadband households than streaming media players.“The rise of voice control enables consumers to control their cameras and sensors and their streaming service through the same interface. This desire for simplicity drives their choice of connected platforms,” said Jennifer Kent, director, research quality and product development, Parks Associates.Separately, Ampere Analysis has said that, in terms of weekly video viewing, the smart TV has now overtaken the mobile among millennials across 10 surveyed markets.Ampere said that since Q3 2015 online viewing shifts among 18-34 year-olds indicate a decline in the use of desktops for viewing, while tablet viewing is largely flat.“Millennials continue to use mobile devices more often for daily viewing with 35% of millennials watching video daily on their phones, but their increasing use of smart TVs – including OTT boxes and streamers – suggests that the big screen viewing experience remains key,” according to Ampere.As of Q1 2018, Ampere found that 56.8% of millennials use smart TV devices to watch online video on a weekly basis, compared to 55.6% who use a smartphone, 53.9% who use a desktop computer and 31.2% who use a tablet.