01.17.2008 05:47 AM
Chyron Acquires Axis Graphics for $3 million
Chyron, the Melville, N.Y. firm specializing in graphics for broadcast television, has acquired New York-based Axis Graphics for $3 million in cash and stock. Chyron will leverage the online graphics capabilities of Axis to create Chyron Online.

Chyron Online provides a series of Web-based custom services tailored for the brands for their various clients. Options will include high-resolution maps, real-time weather displays, 3D charts and graphs, financial quotes and tools for the creation of new graphics.

Chyron CEO Michael Wellesley-Wesley said the service launched with 150 TV station clients, plus it opens up new markets for the company among newspapers, radio stations, cell phone service and other digital media platforms.

Under the purchase agreement, Chyron acquired assets and liabilities of Axis for $1 million cash, $1 million in restricted common stock resulting in the issuance of 195,313 shares, and a $1 million debenture due Dec. 31, 2008.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

D. Pagan Communications /   Friday 10:35 AM
Blue Line is Hot on the Trail of DPA Microphones
Clyne Media, Inc /   Thursday 09:51 PM
Focusrite Expands RedNet Range

Featured Articles
Discover TV Technology