France’s Eutelsat, the world’s third-largest satellite operator, has raised its full-year revenue targets after posting a 5.6 per cent increase in third-quarter sales. The company said it now expected full-year sales of E925 million against E910 million previously forecast. The group had already raised its revenue guidance from E900 million to E910 million three months […]
A commercial partnership being negotiated between BBC Worldwide and Channel 4 would generate annual turnover of £800m (E895m) and a profit of £200m, John Smith, the chief executive of BBC Worldwide, told the House of Lords communications committee. That partnership would include the corporation’s commercial arm’s UK assets, including its 50% stake in the UKTV […]
The BBC Trust and the companies behind Project Canvas, the proposed video-on-demand joint venture between the BBC, BT and ITV, have replied to BSkyB’s criticisms of the venture (ATV 13/5/09). Project Canvas said: “The enormous consumer benefits that internet-powered TV can bring should not be restricted to paying customers. An open, standards-based platform that enables […]
Eric Tveter has been appointed Managing Director of Cablecom, the Swiss cable broadband operation of UPC Broadband, the European cable division of Liberty Global. Tveter was previously President of UK cable operator Telewest and held a range of senior management positions at Time Warner Cable, Comcast Corporation and Cablevision Systems Corporation. He currently is a […]
John Conlon, marketing controller of digital services for Virgin Media, is to leave the company after nine years. He was responsible for ensuring Virgin Media's range of digital content was made available via mobile and was heavily involved in the relaunch of the company's cross-network mobile portal in December
The slump in the U.S. car industry helped send Sirius XM Radio Inc. to a loss of $236.6 million in the first quarter and its first-ever quarterly decline in net subscriber additions. But the satellite radio company said it has enough access to financing and cash generated from operations to meet its debt obligations this […]
Finishing up a dismal earnings season for media, News Corp reported a 70 per cent drop in net income to $300 million, excluding one-time events, and a 16 per cent drop in revenue to $7.37 billion for the quarter ended March 31st. Non-broadcast channels were the one bright spot with increased affiliate revenue for Fox […]
European broadcaster RTL said sales dropped 11 per cent in the first quarter due to a continued TV advertising slump and core profit shrunk more than 50 per cent on restructuring and start up costs. RTL, owned by media giant Bertelsmann, reported that revenue in the first three months of the year fell to E1.188 […]
David Rehr, president of the National Association of Broadcasters, has announced plans to step down from his post immediately. Janet McGregor, NAB’s CEO and CFO, will handle Rehr’s duties until a successor is named. Rehr, who came to the NAB from the National Beer Wholesalers Association in 2005, has had a rough run at the […]
From Branislav Pekic in Rome Italy's Communications Authority (AgCom) has initiated an investigation on the number of digital terrestrial TV channels operated by the broadcasters in respect of the quota of 20 per cent per group. According to an initial inquiry, it emerges that commercial broadcaster Mediaset accounts for 14 out of the 42 national […]