Harris Corp. announced today that it has signed an agreement to sell its Broadcast Communications Division to The Gores Group, a Los Angeles-based private equity firm, for $225 million. The price includes $160 million in cash at closing, a $15 million subordinated promissory note and an “earnout” of up to $50 million based on future performance. Harris said closing should occur early next year.
The broadcaster hopes to speed media convergence by fast-tracking the DTV signal encoding and processing platform at 43 stations.
After much rumor and industry speculation, Harris Corp. announced today that it will sell the company’s broadcast communications division.
Inscriber G8 and TitleOne AE real-time graphics production systems use next-generation hardware platforms for advanced graphics processing and increased storage performance.
Harris Corp. has introduced Nexio Studio Suite to help customers easily and affordably transition to tapeless studio production and more efficient file-based workflows. Nexio Studio Suite is designed for live […]
West Virginia Media Holdings is outfitting its four stations in the state with Harris OSi-Traffic and OSi-AdConnections to aid in cross-market selling and reporting.
Dalet Digital Media Systems, a provider of end-to-end production tools for multichannel newsrooms, is collaborating with Harris Corp. to integrate the newsroom computer system module of its Dalet News Suite […]
The former United Technologies Corp. head of corporate strategy and development, moves into the new post on Nov. 1, succeeding Howard L. Lance, who is retiring.
Mayor John Spring of Quincy, Ill., home of Harris Corp., will lead a 9/11 Remembrance and Dedication Ceremony on Sunday, Sept. 11, to be attended by first responders, community leaders, […]
2011 IBC Show Preview Harris Corp. Stand 7.G20 Harris Corp. says IBC marks the European debut of the latest NEXIO AMP advanced media platform, NEXIO Farad high-performance online storage system, […]
Harris Corp. has been awarded a multi-year contract by Granite Broadcasting to transition eight markets and 17 channels from Granite’s existing traffic and billing software to Harris OSi-Traffic. OSi-Traffic is a […]
Harris Corp. has acquired the Malibu Media Platform of Spot Runner Inc. Over the next several months, Harris plans to transition the technology into its broadcast products to simplify and […]
The Post-Newsweek stations in Detroit and Orlando choose Harris’ MPH ATSC mobile DTV system.