WHY THIS MATTERS:During his cable career, Hildenbrand spent about three decades with Cablevision, as its top technology and engineering executive, including many as its executive vice president of technology and engineering.
WHY THIS MATTERS:The deal, estimated at $300 million according to sources close to the situation, calls for Allen's company Allen Media LLC to purchase the group—which owns The Weather Channel as well as the Local Now streaming service.
WHY THIS MATTERS:Financial terms were not announced, but Tennis Channel's streaming of the BNP Paribas Open in Indian Wells earlier this month is linked to the new agreement, which includes VDMS's new Live Event Operations managed service, they said.