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 multi-camera studio productions such as news and magazine-format, entertainment and reality TV shows. Harris says it enhances the control of video servers in production studios, offering […]
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 NRCS with Harris NEXIO broadcast servers. The project includes the development of an integrated news production and playout workflow featuring Dalet news production tools for […]
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, news media, the public, and executives from Harris Corp. and its broadcast communications division. The City of Quincy will dedicate a memorial to the victims […]
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, and Velocity 2.5 non-linear editing. Used separately, all together or in various combinations, benefits include high-density ingest, format independence, multi-channel support, high-throughput mass storage and fast […]
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 scalable traffic and billing solution with no limit to the number of stations that can be managed from a single-server architecture. Channels can be added with […]
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 enhance communications and transactions across the advertising buy-sell process. The Malibu Media platform is an online media exchange designed to simplify the business of buying […]
The Post-Newsweek stations in Detroit and Orlando choose Harris’ MPH ATSC mobile DTV system.