Bloomberg TV extends Asia reach via PAS-2 satellite; PanAmSat Asia-Pacific now transmits more than 40 TV channels.MIP MIP See: Monthly income preferred security Asia Conference, HONG KONG--(BUSINESS WIRE)--Nov. 30, 1995-- PanAmSat has added Bloomberg Information Television to the all-star programmer line up on the PAS-2 Pacific Ocean Region satellite. Bloomberg will tap into PAS-2's trans-Pacific coverage to achieve first-time access to Australia's 6+ million television households as well as other major television markets in Asia. "With breakneck break·neck adj. 1. Dangerously fast: a breakneck pace. 2. Likely to cause an accident: a breakneck curve. speed, Bloomberg has become one of the world's leading sources for in-depth business and financial news," said David Berman, PanAmSat's vice president of program distribution. "We are very gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. Bloomberg has chosen PanAmSat and PAS-2 for its entry into the Australian television market." Bloomberg's service consists of one digital channel on PAS-2's C-band Pacific Rim Beam, which provides coverage of Asia and the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . With the addition of Bloomberg, PAS-2 now transmits more than 40 analog and digital television channels throughout the Asia-Pacific Region. Bloomberg Information Television is a 24-hour television news service offering in-depth reporting and analysis of financial news and markets worldwide. The service features up-to-the-minute news and information gathered through the Bloomberg Business News Network, an international newsgathering organization consisting of 350 reporters and editors in 60 bureaus worldwide. In addition to television, the Bloomberg Business News by-line appears in over 800 newspapers in 25 countries worldwide. Bloomberg Information Television and Bloomberg Business News are services of New York-based Bloomberg Financial Markets. PAS-2, which was launched in July 1994, has 16 Ku-band and 60 C-band transponders. Other broadcast customers include ABS-CBN ABS-CBN Alto Broadcasting System - Chronicle Broadcasting Network (Quezon City, Philippines) , Asia Business News, China Central Television, Disney, Discovery, ESPN ESPN Entertainment and Sports Programming Network , Liberty, NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , NHK NHK Nippon Hoso Kyokai (Japan Broadcasting Corporation) NHK Nihon Hoso Kyokai (Japanese Broadcasting Association) NHK Nihon Hikikomori Kyokai (anime) , Television Corporation of Singapore, Turner Broadcasting, TVBI and Viacom International. PanAmSat is the first private-sector company to provide global satellite services and has over 300 customers worldwide. It currently operates three satellites, providing global coverage, and has three additional satellites under construction. Beyond the six-satellite system, PanAmSat plans to launch two more satellites in 1997, which will enable the company to operate at least two satellites in each ocean region worldwide. PanAmSat Common Stock is quoted on the Nasdaq National Market under the symbol "SPOT". CONTACT: PanAmSat Kevin Burgoyne, 203/622-6664 |
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