Milner added: “Twitter’s astonishing growth is a testament to how important it is becoming to more people every day, and why we couldn't pass up the change to be a bigger part of its future.”
The investment values Twitter, which has estimated annual revenues in the $200M range, at $8B.
DST invested $400M in Facebook two years ago.
LYLE TAPPED FOR NATIONAL GEO PREXY
David Lyle has been named CEO of National Geographic Channels U.S. in charge of programming for the venture between Fox Cable Networks and the National Geographic Society. He had handled west coast development.
Based in Washington, D.C., Lyle is responsible for NGC, Nat Geo Wild and Nat Geo Mundo. He has been with Fox since `05, previously as president of Fox Look, which specializes in international licensing and production, and Fox Reality, handler of unscripted shows.
Prior to Fox, Lyle was with production companies including Freemantle Media, Pearson TV and Australia's Nine Network. At Freemantle, he launched "American Idol."
Tim Kelly, president of the National Geo Society, says Lyle will be “focused on delivering compelling popular programming that reflects, enhances and delivers on the substance of the National Geographic brand and mission.”
NIGHTLY BUSINESS REPORT EYES TEXAS
PBS’ “Nightly Business Report” has opened a Houston bureau under a deal with HoustonPBS and KUHF Houston Public Radio.
The partnership is NBP’s first bureau in Texas.
“We are excited to expand into Texas and provide our viewers with up close reports on the most important business news stories of the day in Houston, one of the country's leading economic and social centers,” said Mykalai Kontilai, chairman and CEO of NBR Worldwide, which owns the program.
NBR said the Houston bureau will cover both breaking news and feature stories on topics like oil, energy, and healthcare.
HoustonPBS counts 2.2 million viewers a week and airs more than 24,000 hours of programming a year.
Patricia Torres-Burd, executive director of content at HoustonPBS, said Houston is a city that “leads in business and economic news on a local, national and international level.”
Starz Entertainment and BBC Worldwide Productions have forged a multi-year deal to develop, produce, and distribute television series.
The series, one-hour dramas, will air on Liberty Media-owned Starz’s television networks in the U.S. and Canada.
BBC Worldwide will distribute the series internationally.
The programs in development have not yet been announced. “Torchwood: Miracle Day” is the first scripted series produced by BBC currently on STARZ.