Mark Zuckerberg, Facebook CEO

In 2011 Facebook earned $1 billion in sales, however the CEO of Facebook has a $16 billion stake in the company he co-founded with in 2004 by Zuckerberg and classmates Dustin Moskovitz, Eduardo Saverin, and Chris Hughes while they were students at Harvard University. Facebook’s valuation has been modestly valued at about $85 billion, feel the company will exceed an estimated value of $100 billion.

January 27, 2012

Fitch has downgraded the credit ratings of Belgium, Cyprus, Italy, and Spain citing “near-term vulnerability to monetary and financial shocks”. Fitch cut Italy’s rating to A-minus from A-plus; Spain to A from double-A minus; Belgium to double-A from AA plus; Slovenia to A from AA- and Cyprus to -BBB from BBB. almost near junk status. Earlier in the month Standard and Poor downgraded nine euro zone countries, this move signals move troubles for the beleaguered euro region.

GFBC NEWS NETWORK

January 27, 2012

Social media behemoth, Facebook is expected to file it’s IPO next week and has chosen Morgan Stanley to be the lead underwriter. According to CNBC, the company is looking to valuate the company at an estimated value of between $75-100 billion, according to the report. It is rumored that Facebook’s IPO is putting a damper on Yahoo, as it looks for possible suitors to reestablish itself back into prominence. Yahoo is facing challenging times as it’s founder, Jerry Yang recently resigned his board seat and other positions at the embattled company. Facebook follows other social media companies that went public, such as Linked in that went public May 20th of 2011. Linked-in is currently trading under the ticker symbol LNKD on the New York Stock Exchange.

RESTON, VA, Jan 24, 2012 (MARKETWIRE via COMTEX) — Avail-TVN, the leading independent digital media services company in North America, today announced that Bermuda CableVision has become the latest CALA-based service provider to move its video on demand (VOD) service to Avail-TVN. Bermuda CableVision is the island’s largest provider of digital cable TV and is the only supplier of high-definition TV in Bermuda. As of December 1, 2011, Avail-TVN is delivering VOD content in HD/SD and 3D from studios, networks and specialty content providers, making it available to Bermuda CableVision’s digital subscribers.

“Bermuda CableVision has distinguished itself by offering high quality digital television supported by our advanced, island-wide network,” said Terry Roberson, General Manager, Bermuda CableVision. “By working with Avail-TVN, we can offer our subscribers the premium content and advanced services that give us a competitive edge in a growing market.”

Avail-TVN works with service providers in the U.S. and internationally to help them access and distribute new release and library titles from major Hollywood studios in multiple formats including 3D, HD and across multiple devices. With a decade-long history of protecting and distributing premium content, Avail-TVN is uniquely positioned to enable service providers to increase the amount and quality of content available to subscribers. For service providers launching TV Everywhere initiatives, Avail-TVN’s Adaptive Bitrate (ABR) offering allows service providers the ability to deliver the best picture quality based on the user’s bandwidth and device capability. Avail-TVN’s presence in the Caribbean and Latin America has been growing over the past year, currently reaching digitally-enabled households in more than 20 markets.

“Service providers turn to Avail-TVN for innovative solutions, the highest quality content and unparalleled support,” said Jim Riley, chief revenue officer, Avail-TVN. “Years of working successfully with top studios, broadcast and cable network partners has given Avail-TVN the access and expertise required to offer new and premium content to our service provider customers. We are thrilled to be working with Bermuda CableVision as they expand their VOD service.”

About Bermuda CableVision Bermuda CableVision is the island’s leading provider of digital cable TV, including today’s top-rated and most in-demand networks, along with high-speed, reliable broadband services. The company is the only supplier of high-definition TV in Bermuda. Its HD tier line-up now includes over 25 channels of theatre quality pictures and surround sound. Bermuda CableVision’s advanced, island-wide fibre-based network is designed to meet evolving customer needs well into the future. http://www.cablevision.bm/

SOURCE: Avail-TVN

BEIJING, Jan. 22, 2012 /PRNewswire-Asia/ — Tomorrow (23 January, 2012) is the first day of the lunar new year in China. When you see your Chinese friends, please remember to wish them a “Happy Chinese New Year”. “Happy Chinese New Year” is a fun, free, interactive application for the iPad that has been available at the Apple Store online since 29 December, 2011.

This App has five components: “Happy Chinese New Year”, “Chinese Shows in the World”, “Greeting”, “Cultures” and “Link”. With multimedia texts, images, video, animation, sound files, and other media, the application introduces Overseas “Happy Chinese New Year” festivities of the Ministry of Culture, P. R. China, and offers information about Chinese performing arts troupes entertaining across the world during the first half of 2012, as well as introductions to Chinese traditions and customs for celebrating the Spring Festival. Each interface can toggle instantly between Chinese and English languages. The App also provides a Chinese New Year electronic greeting card that users can send to friends by email or via social networking sites. By sharing the application, you can also help others learn about China’s wonderful traditional culture, understand the aspirations of the Chinese people to strive for harmonious living, and appreciate China’s development and progress.

Overseas “Happy Chinese New Year” is an important trademark cultural activity organized by the Chinese government abroad. Programs include temple fairs, parades, song and dance entertainment, handicraft demonstrations, special exhibitions, film screenings, cultural lectures, and more. In 2011, “Happy Chinese New Year” cultural events such as the Empire State Building showcase, the San Francisco grand Spring Festival parade, the Washington Sino-American culinary night, and the Silicon Valley temple fair for the Year of the Tiger, among others , attracted the participation of Americans from all walks of life and were welcomed with great enthusiasm. When the “Happy Chinese New Year” App was released at the App Store online, the schedules of all programs of 2012 “Happy Chinese New Year” around the world as well as Chinese performing arts programs worldwide during the first half of 2012 became available, making it easier for the peoples of the world to join us. For program details, please check “Happy Chinese New Year”.

We bring you the good wishes, joy and jubilation of Chinese New Year. We hope that this App will bring you delight, and that you will celebrate this great holiday, which belongs to the world, with all of us.

“Happy Chinese New Year” is developed by CAV Television Production Co., Ltd.

SOURCE CAV Television Production Co., Ltd.