Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Update Grass Valley sale: Latest at General Satellite News forum; Grass Valley sale: Latest 01-03-2009 grass_valley_cameraAs has been reported, Thomson of France is selling off its Grass Valley division. The ...

LinkBack Thread Tools Display Modes
Update Grass Valley sale: Latest
Bacteria's Avatar
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 104830
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 37
Update Grass Valley sale: Latest - 01-March-2009, 11:50

Grass Valley sale: Latest


grass_valley_cameraAs has been reported, Thomson of France is selling off its Grass Valley division. The news prompted a note from Jeff Rosica (SVP/Grass Valley) to staff and clients ahead of NAB. We reproduce the note in full. Meanwhile, Grass Valley say if that isnt a contradiction that they can make no comment on the sale process.

After the recent public announcement by Thomson on its intentions to sell the Grass Valley business, I wanted to take this opportunity to brief you as fully as possible today, writes Rosica.

The underlying decision to divest parts of the Thomson portfolio, including the Grass Valley business division, was strictly one of redirecting and focusing Thomsons strategic direction. As you should be aware from the press release, this focus will be mainly centered on services offered to content creators through its leading market position and strong Technicolor brand.

Specific to Grass Valley, we will be celebrating our 50th anniversary this year. No other major company in the history of the broadcast television industry has continuously held leading market positions for several decades, let alone remained committed to serve the industry for 50 years, as Grass Valley has. This is an unmatched achievement, and such business continuity and longevity in the market wouldnt be possible without the standard setting technology, innovative products and solutions, as well as the tireless passion and commitment that everyone at Grass Valley holds for the business and our customers.

Over the past several months, Thomson has taken the opportunity to regroup all of the related businesses including content production, facility infrastructure, network distribution, and transmission related product areas under the Grass Valley brand, and a single, proven leadership team. Grass Valley is a solid business with exciting opportunities for the future.

I assure you that we remain fully focused on the success of Grass Valley and our customers, and that all current customer project deployments will continue to be carefully managed. Through the transition, all contractual commitments will continue to be met in order to ensure uninterrupted business for Grass Valley and our customers. I can also reassure you that our customers will continue to be looked after by the same committed team of management, factory, sales and support personnel from Grass Valley that they have known for many years.

As Thomson moves forward with the sale of the Grass Valley business, the company will be making future announcements and will work to keep the media, and our customers, informed of any news that would be appropriate.

Looking ahead to NAB 2009, Grass Valley will continue its long tradition by introducing very innovative and exciting new products in this, our 50th anniversary year. I look forward to seeing you there.
Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.