ATSC (Advanced Television Systems Committee), the broadcast standards association, has named Dr. Paul Hearty of Samsung Electronics as Chair of the ATSC technology group that oversees the ATSC 3.0 suite of standards. Hearty succeeds Sony’s Luke Fay, who has been ATSC Technology Group 3 Chair since 2019. Hearty previously served as a Vice-President of Technical Standards at Sony, and began his professional career at the Government of Canada’s Communications Research Centre. Hearty founded the Advanced Television Evaluation Laboratory, which carried out tests on behalf of ACATS that led to the development of the ATSC 1.0 digital television standard. Later, as a Vice-President at General Instrument/Motorola, he led in the deployment of commercial and direct-to-home satellite broadcast technologies, as well as digital compression technology for satellite and cable.
MediaValet Inc., the Vancouver-headquartered provider of enterprise digital asset management (DAM), video content management and creative operations software, has announced the completion of its acquisition by an affiliate of STG. All issued and outstanding common shares of the company have been acquired in exchange for CAD$1.71 in cash per share. MediaValet’s shares are expected to be delisted from the Toronto Stock Exchange (TSX) shortly.
