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 […]
Subhash Chandra’s Dish TV pay-TV operation in India is to raise $200 million in order to fund expansion. Dish TV is India’s largest DTH broadcaster. Dish TV has already tabled a shareholder’s resolution agreeing to raising $200 million, although it subsequently saw $100 million of fresh investment coming in from US-based Apollo Management. Dish TV […]
SES says that all its revenue and core profit metrics are being maintained. Indeed, its year-on-year quarterly results are most impressive, with this latest quarter’s revenues up 11.4 per cent on 2009’s numbers. However, SES managed to exclude business from its ND Satcom subsidiary, which it sold earlier this week, in its 9-month results announcement […]