Microsoft has announced a 51 per cent rise in first-quarter profit on higher sales of its Windows and Office software. Net profit for the three months to September came in at $5.4 billion. Revenues increased by 25 per cent to $16.2 billion – a record for the first quarter. Microsoft said that in the same […]
YouTube co-founder, Chad Hurley, is stepping aside as chief executive and taking an advisory role. Hurley, who launched YouTube in February 2005 with Steve Chen and Jawed Karim, said he was moving to the role of adviser and had handed over to Salar Kamangar, the former vice president of web applications at parent company Google. […]
After 16 months working – barely – under Chapter 11 bankruptcy protection, Sea Launch is now free to operate as a conventional business once again. A statement from the company says it plans to start launching satellites again next year. “We are thrilled to have successfully emerged from Chapter 11 with a solid financial structure […]
Spain’s largest private TV channels, Antena 3 TV and Mediaset’s Tele 5, have profited from the elimination of TV advertising on public broadcaster RTVE, since January. Both broadcasters made profits to September with Antena 3 increasing its profit by 261 per cent to E79.1 million and Tele 5’s net profit is up by 54.4 per […]
The US cable results season continues to confirm the establishment’s decline as a result of recession and competition. Comcast’s third-quarter earnings revealed the loss of 275,000 basic cable television subscribers. The losses were greater than most analysts expected, but Comcast, which is on the verge of acquiring NBC Universal, was able to exceed Wall Street’s […]
Earlier this week it was India’s Dish TV that was making headlines with its plan to raise another $200 million of capital. Today it is another Subhash Chandra-linked operation, Zee News Ltd (ZNL) that is in the news. Zee News on Oct 27 reported that it had posted a net profit of 2.24 million Rupees […]
Mobile phone users in rural areas could soon see their 3G reception improve after regulators allowed operators to repurpose their existing spectrum for mobile broadband services. The ruling by Ofcom that refarming of 900MHz and 1800MHz spectrum would not harm competition in the UK mobile market settles a three-year row that has held back the […]
Neil Berkett, Virgin Media CEO, has used the company’s results announcement to attack Ofcom’s decision not to investigate YouView, the BBC-originated platform to bring VoD to Freeview and Freesat. Berkett said he surmised Ofcom had seen its 25 per cent budget cut coming and has wrongly ‘deprioritised’ the issue. “When you have less resources to […]
Cablevision the biggest US cable provider said that its Q3 profits fell as customers cut back television services amid a weak economy and the growth of online video content. Net income at Comcast declined by 8.2 per cent to $867 million, down from $944 million, in the same period a year ago. “We are increasing […]
Virgin Media has announced revenue increased 6.4 per cent year on year in the third quarter to £978 million (€1.11bn) and that it would roll out superfast 100Mb broadband from December with pre-registration for the service opening today. Virgin Media claims that 13 million homes will have the potential to access the 100Mb service as […]