UK set-top box maker Pace said strong demand for high-definition pay TV helped it beat market expectations for 2008 and significantly raise expectations for 2009. The company, which makes devices for BSkyB, Canal + and Comcast posted adjusted pretax profit of £28.5 million (E31.7m) on sales of £745.5 million, and said it was paying its […]
Digital video recorder maker TiVo has reported a narrower quarterly loss than a year ago as cost cuts helped offset a 20 per cent decline in revenue. Although subscriber growth slowed, the company cut subscriber acquisition costs. TiVo said it is focused on having plenty of cash to weather the challenging economy. TiVo’s net loss […]
Shares in Belgian cable company Telenet rose 5 per cent high after the group reported 2008 earnings above market expectations and forecasts strong growth in 2009. Telenet ended 2008 with 609,000 digital TV homes, The total number of its cable TV homes, both analogue and digital, hit 2,402,000 thanks in part to the acquisition of […]
Virgin Media is expected to begin the sale of its content division within weeks hoping to raise £500m (E567m). The sale would include Virgin’s 50% stake in UKTV the JV with the BBC. Analysts have speculated Virgin will try again to sell non-core assets as it seeks to pay down debt. Interested parties are thought […]
A French commercial court has told France Telecom to stop linking subscriptions to its Orange Foot soccer channel exclusively to its broadband packages. Rival broadband providers Iliad and Neuf Cegetel had complained to the court that it was unfair for Orange Football to be available only to France Telecom’s broadband subscribers. A France Telecom spokesman […]
Liberty Global posted a fourth quarter net loss of $752.6 million compared to a net loss of $197.2 million for the same period last year. The company's losses grew despite adding subscribers, increasing revenue and generating more money from operations at its cable systems in 15 countries in Europe, Asia and South America. For the […]
The departure of News Corporation's long serving COO Peter Chernin could lead to James Murdoch moving to join his father in the US sooner than many expected.Chernin, who has run New Corp’s Fox film and TV studios and broadcasting business for the past 12 years has been the counterweight in the Murdoch family-controlled business empire. […]
British cable operator Virgin Media posted fourth-quarter revenue and operating cashflow in line with forecast, and said it had continued to show good resilience in the face of the downturn. Virgin Media said it had made 15,000 net new customer additions in the quarter, compared with 24,000 a year ago, and sold 185,500 products of […]
OpenTV has announced financial results for its fourth quarter and full year ended December 31st, 2008. OpenTV moved from a $5.2 million net loss in 2007 to a $9.6 million profit in 2008 on revenues of $116.5m against $110m in 2007. "2008 marked the first profitable year in OpenTV's history. We exceeded both our revenue […]
ITV is reportedly considering selling digital television business, SDN, up for sale as it weighs its options to raise extra funds. The broadcaster’s executive chairman, Michael Grade, is finalising plans to raise cash as the group faces a slump in advertising revenues and further pressure from servicing its debt and pension fund. Grade has just […]