In something of a recovery BT announced 2nd quarter results ahead of expectations including a 24 per cent jump in net profit, underpinned by further cost cutting. Net profit rose sharply to £494 million for the three months ended September 30 from £399 million a year ago, thanks to lower operating costs and finance expenses. […]
Liberty Global announced its financial and operating results for the third quarter ended September 30th, 2011. Highlights were the organic additions of RGUs increased 96 per cent to 327,000 revenue of $2.61 billion up 4 per cent and operating income increased 17 per cent to $522 million. Liberty Global’s President and CEO Mike Fries said, […]
Sony Corp is likely to lose a staggering $1 billion this year, which will maintain a terrible four-year record of losses under CEO Sir Howard Stringer. A Tokyo press conference outlined how the giant electronics-to-movies plans to trim some 125 billion Yen ($1.6bn) from annual costs over the next few years. This further bad news […]
News Corp has used its quarterly earnings report to highlight the success of its cable television and film units while trying to redirect investors’ attention from a phone hacking scandal at the company’s British newspaper unit. Buoyed by channels like Fox News and FX and the strong box-office performance of 20th Century Fox’s “Rise of […]
According to a report commissioned by the International Intellectual Property Alliance (IIPA), in 2010 the US industries most dependent on copyright protection: Added over $930 billion in value to the U.S. economy, almost 6.4 per cent of the total GDP; Employed nearly 5.1 million US workers – nearly 5% of the total private employment sector […]
DirecTV posted a higher quarterly profit as it won US video subscribers away from rival cable with a giveaway of its exclusive National Football League games package. But the leading US DTH provider missed analysts profit forecasts due to expenses related to its rapid rate of customer additions and rising programing costs including the multibillion […]
Comcast’s third-quarter profit rose 4.7 per cent, as the cable company increased Internet-access subscriptions and slowed pay-TV defections—despite weaker results from its newly acquired NBC broadcast network and Universal movie studio. The largest US cable operator has struggled with stalling industry-wide growth in pay-TV subscribers in the recession. Instead, much of Comcast’s growth in its […]
Time Warner’s net income was $822 million for the third quarter, a 57 per cent increase over the same quarter last year when it was $522 million. Total revenue rose 11 per cent to $7.07 billion, from $6.38 billion, which the company said represented its highest rate of growth in four years. The July release […]
According to market research firm DisplaySearch, in 2011, more than 27 per cent of TVs shipped worldwide will be able to connect to a network, a figure that is expected to rise 54 per cent to 155 million by 2015. The firm’s Q3’11 DisplaySearch Quarterly TV Design and Features Report suggests that in addition, 16 […]
ESPN in the UK is taking its live sports schedule beyond its core of football and rugby by securing live golf, darts and tennis programming – expanding its sports offering for the first time significantly into live daytime, weekday sports. In golf, ESPN has secured an agreement to televise its first live golf programming in […]