SOURCE: RR Media

RR Media

November 03, 2014 07:00 ET

Forbes Names RR Media as One of the 10 Companies Changing the TV Industry

AIRPORT CITY BUSINESS PARK, ISRAEL--(Marketwired - Nov 3, 2014) - RR Media (NASDAQ: RRST), a leading provider of global digital media services to the broadcast industry, today announced that Forbes magazine has named RR Media as one of 10 companies changing the TV industry in its online article dated October 29, 2014.

Ms. Shama Hyder, Forbes Contributor writes:

"Founded in 1981, NASDAQ listed RR Media (formerly RRsat) has been in the game quite a bit longer than other TV innovators, but it has managed to stay at the cutting edge of developments in the industry. The company distributes programming -- mostly sports, events and news -- to 95 percent of the world's population through the global network it has built using satellite, fiber and Internet delivery. RR Media recently expanded its offerings to a full suite of media services -- including channel management, content preparation and global distribution. Hundreds of broadcasters and content creators, including major sports leagues and news channels, rely on this company to handle the complex functions that today's content delivery requires so they can focus on what's most important: great content."

Avi Cohen, the Company's Chief Executive Officer commented, "The recognition by Forbes, coupled with our strengthening presence with leading content owners, further validates that RR Media is strategically aligned with the major trends within the industry. RR Media has significantly expanded its global services with new offerings that include an advanced, scalable media services platform and enhanced media centers in New York, London, and the Middle East, to facilitate local service and support. Broadcasters and content owners can now optimize and monetize their content further and reach more audiences, on more devices, with a richer viewing experience. This recognition is encouraging, demonstrating that the industry is paying attention."

The complete article is available at http://www.forbes.com/sites/shamahyder/2014/10/29/10-companies-changing-the-tv-industry/.

About RR Media

RR Media* (NASDAQ: RRST) works in partnership with the world's leading media players to create the richest possible media and entertainment experiences for the world's consumers. RR Media's complete ecosystem of digital media services maximize the potential of media and entertainment content, covering four main areas: smart global content distribution network with an optimized combination of satellite, fiber and the internet; content management and channel origination; sports, news & live events; and online video services. RR Media provides scalable, converged digital media services to more than 650 channels and to leagues and right holders of over 100,000 hours of sports and live events yearly. The company delivers content to 95% of the world's population reaching viewers of multiplatform operators, VOD platforms, online video and direct-to-home services. Visit the company's website www.rrmedia.com

* RR Media currently operates under the corporate name of RRsat Global Communications Network Ltd. The company is in the process of changing its corporate name to RR Media Ltd., which is scheduled to be completed in November 2014.

Safe Harbor Statement
This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in our expectations, except as may be required by law. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements, including the risks indicated in our filings with the Securities and Exchange Commission (SEC). For more details, please refer to our SEC filings and the amendments thereto, including our Annual Report on Form 20-F for the year ended December 31, 2013 and our Current Reports on Form 6-K.

Contact Information

  • Company Contact:
    Shmulik Koren
    CFO
    Tel: +972 3 928 0777
    Email: Email Contact

    Investor Contact:
    Hayden/ MS - IR
    Brett Maas/ Miri Segal-Scharia
    Tel: 646-536-7331 / 917-607-8654