As in the first quarter, fluctuating exchange rates and changes in the composition of the Group had a considerable impact on the development of results in the first six months. Reported revenue declined by three percent to E30.1 billion. On an organic basis, i.e. adjusted for exchange rate effects and changes in the composition of […]
Operating income for News Corp is expected to rise by a more moderate four to six per cent in fiscal 2009, compared with a mid-teens percentage range for 2008. Revenue at Fox Interactive Media, which includes the popular MySpace Internet social network, is expected to rise by about 30 per cent in 2009, executives said. […]
Overall revenue at ITV grew by 3 per cent in the six months to June 30th. However, the company expects total TV advertising revenue to fall by 1 per cent over the eight months to August, before declining by 20 per cent in September. Shares in ITV fell 12.5 per cent to 40.5p in early […]
Controlled by US cable pioneer John Malone, Liberty Global reported net income of $428 million, or $1.11 per share in the second quarter ended June 30th, compared with a net loss of $129.7 million, or 34 cents per share a year earlier. Revenue rose 25 per cent to $2.73 billion, from $2.18 billion a year […]
The group reported revenues of $850.1 million, an increase of 20 per cent over the previous year, while operating income rose 21.8 per cent by the same comparison to reach $195.4 million. The number of active devices protected by NDS conditional access technology hit 90.3 million at the end of last June, whilst there were […]
The company affirmed its full-year financial targets after revenue rose at its film, cable and networks segments. Time Warner also took legal and tax steps that make it possible to split its AOL online business and sell it in parts. The New York-based media conglomerate said net income fell to $792 million from $1.07 billion […]
Virgin Media, which has Britain's highest broadband speeds and reaches more homes than its rivals, said it lost 19,500 net customers in the normally weak second quarter, taking the total of residential customers on its cable network to 4.74 million. Underlying operating profit rose 6 per cent to £333 million thanks to incremental cost cuts […]
The acquisition of Optibase’s digital video and streaming business for 2.6 million Scopus shares amounts to 19 per cent of its share capital. The deal increases Optibase’s stake in Scopus from 36.6 per cent to 46 per cent. The companies did not disclose the price of the deal, put on the basis of Scopus’ current […]
“I’m guessing the investments will be in the region of $100 million, and we will launch the channels within 12 months,” Murdoch told reporters. “All these channels will be under the STAR brand.”