TF1, France's largest commercial broadcaster, targeted only a 2 per cent increase in sales in 2010 after two years of slumping advertising revenues. The company reported net profit of E115 million for 2009, down 30 per cent on the previous year, on sales of E2.365 billion, down 9 per cent. Advertising revenues for the TF1 […]
Clicker, a comprehensive search engine for TV content on the web, has closed an $11 million Series B funding round led by JAFCO Ventures, with existing investors Benchmark Capital and Redpoint Ventures also participating. JAFCO’s Joe Horowitz will join the Clicker board. The new funding brings Clicker’s total funding to $19 million, after an $8 […]
Philippe-Olivier Rousseau, Managing Director and Senior Banker at BNP Paribas, has been elected as new president of the European Anti-Piracy Association, AEPOC. Rousseau is the successor to Jean Grenier , the former General Director of Eutelsat, who has retired after pioneering and developing the first pan-European industry initiative against audio-visual piracy during 13 years. Among […]
Liberty Global has completed the sale of its 37.8 per cent stake in Jupiter Telecommunications (J:COM) to KDDI in a $4bn cash deal. The Tokyo-based carrier earlier this month scaled back its plan, saying it would retain 31.1 percent of Jupiter and place 6.7 percent in a trust bank, after the bid led Japan's financial […]
Central European Media Enterprises is buying News Corp's bTV, the free-to-air commercial television channel in Bulgaria, as well as the bTV Cinema and bTV Comedy cable channels and 74 per cent of Radio Company C.J. OOD which operates several radio stations (the bTV Group). Total consideration is $400 million cash. The transaction is subject to […]
DirecTV reported that fourth quarter 2009 consolidated revenues increased 13 per cent to $5.98 billion, operating profit increased 49 per cent to $862 million compared to last year’s fourth quarter. Excluding a pre-tax charge of $491 million related to the merger with Liberty Entertainment completed on November 19, 2009, net income attributable to DIRECTV and […]
Swisscom AG said tougher competition will keep its sales and profit under pressure in 2010 after it posted a rise in 2009 profits when lower depreciation charges helped to offset weaker domestic demand. Group revenues for the whole year reached CHF12 billion ($11.1bn), down 1.6 per cent from 2008, while EBITDA fell 2.6 per cent […]
Eutelsat Communications has raised its outlook for 2009-10 after reporting first half revenues increased by 9.6 per cent to E508 million. EBITDA increased by 9.7 per cent to reach E411.6 million for the six months ending December 31st, 2009. The number of TV channels available through the Eutelsat fleet stood at 3,448 as of December […]
YuMe, a six-year-old company for dynamic insertion of ads in online video announced that it has raised $25 million in additional capital in a round led by Menlo Ventures. Existing YuMe backers, including Accel Partners, Khosla Ventures, BV Capital and DAG Ventures, also participated in the funding. YuMe matches advertisements to videos on such sites […]
Televisa, Mexico's largest broadcaster, has spelt out its ambitions to expand into the country's cellular telecommunications market with the purchase of 30 per cent of Nextel Mexico for $1.4 billion. Under the deal, Televisa will pay cash for the mobile operator, which is an unlisted subsidiary of NII Holdings. It will also have the option […]