Comcast may seal a deal to buy a controlling stake in NBC Universal from General Electric within the next week say US reports. The deal, which values NBC Universal at about $30 billion, would give Comcast, the top US cable operator, a 51 per cent stake in a joint venture that would combine its small […]
Playboy Enterprises’ revenue fell $14m in Q3, on the back of lower income from its international TV channels and magazines. The company, which publishes Playboy magazine worldwide and creates TV programming for its own-branded TV channels, as well as mobile and radio platforms, said global revenue totaled $56m in Q3 against $70.4m in the same […]
STV, Scotland’s ITV licensee, has launched a £35m (E39m) legal action against ITV plc that includes claims of abuses in TV ad sales and video-on-demand rights. Also, the company said that the failure to secure a recommission of Taggart across the ITV network meant that the company will take a £2m hit in earnings and […]
DirecTV Group was one of the few pay-TV companies to gain subscribers in the third quarter, though earnings stayed steady because of the higher costs it incurred attracting and serving those new customers. DirecTV said that a marketing partnership with AT&T accounted for most of the increase in US subscribers. DirecTV said that net income […]
Scripps Networks, the owner of the Food Network and HGTV, snapped up a majority stake in the Travel Channel. Cox Communications will keep a 35% stake. The agreement between Scripps and Cox concluded a long series of bids by Scripps, the News Corporation and a number of private equity groups. "Combining the Travel Channel with […]
News Corp Chief Executive Rupert Murdoch said he doesn’t plan to rush into any huge acquisitions, including NBC, as News raised its fiscal 2010 earnings outlook following better-than- expected first-quarter results amid an improving ad market. The company declined to comment on the Travel Channel negotiations, citing disclosure agreements. Murdoch said the company will be […]
Ofcom has confirmed that Lord Burns will be the next chairman of Channel 4, and will join the broadcaster’s board immediately for a handover period before Luke Johnson’s departure in January. He will join Channel 4 immediately as chairman-designate, working with Johnson to find a new chief executive to replace Andy Duncan. Duncan is expected […]
Liberty Global's third-quarter loss – its fifth in a row – narrowed on higher sales and smaller effects of foreign-currency exchange. Chief Executive Mike Fries said the company demonstrated consistent growth in operating cash flow in the first three quarters of the year and expects to be at the high end of its forecast for […]
The RVU Alliance has announced that Motorola, Humax, Thomson, Pace, Entropic, NXP Semiconductors, and JetHead Development have joined as the first Promoter members. The RVU Alliance encourages the rapid, broad and open industry adoption of remote user interface technology optimized for thin-client networked CE devices in the home "The newly formed RVU Alliance is capturing […]
Australian ISP IINET chief Michael Malone has told the NSW Federal Court that the ISP’s service agreements did not provide it with sufficient contractual rights to take action against customers who infringe copyright online. Malone made the comments during cross-examination by lawyers representing a loose coalition of 34 entertainment companies – represented by the Australian […]