News Corp’s social-networking website MySpace failed to hit its revenue target this year as advertisers struggle to judge the commercial value of making on-line friends. News Corp revealed that its Fox Interactive Media arm, which includes MySpace, will miss its goal of an 80 per cent increase in revenue by “about 10 per cent”. The […]

Days after getting new owners TV Guide is back on the block. It would be the fourth change in control during the last decade for TV Guide. Last week, the Macrovision Solutions Corporation completed a $2.8 billion takeover of Gemstar-TV Guide, the magazine's publisher. The new owner has made clear that it is interested in […]

ITV has been fined £5.675 million (E7.12m) by Ofcom over the of premium-rate phone lines scandal – nearly three times the previous record sanction against a UK broadcaster. The chairman of Ofcom’s content sanctions committee, Philip Graf, said: “ITV programme makers totally disregarded their own published terms and conditions and Ofcom codes. Further, there was […]

Italian broadband operator Fastweb reduced its net loss and added clients in the first three months of the year and left open the possibility it will bid for Italian rival Tiscali. The net loss narrowed 47 percent to E11 million from a year ago. EBITDA rose 15 per cent to E112.5 million as sales rose […]

France Telecom posted first-quarter sales of E13.03billion, up 1.4 per cent year-on-year, with EDITDA up to E4.79 billion from E4.66 billion. Finance director Gervais Pellissier also confirmed the group was still interested in acquiring Nordic operator TeliaSonera, but added no negotiations were currently taking place

Deutsche Telekom posted first quarter net income almost doubled at €924m, thanks in part to the sale of its media and broadcast unit to French group TDF, with revenue slipping 3.1 per cent to E15 billion.

Comcast has reported quarterly profits of $588 million excluding one-time gains, compared with $537 million last year. Last year, Comcast posted a $300 million gain from the dissolution of a cable partnership with Time Warner Cable. Revenue was up 14 per cent to $8.39 billion in the latest quarter. Revenue rose as people spent more […]

ITV has reportedly threatened to take legal action against departing executive Dawn Airey, who quit her job as managing director of global content to rejoin Channel Five. However, with wider business interests at stake – such as the relationship between ITV and Five’s owner, RTL Group, and the key programmes the latter produces for the […]

NDS announced operating results for the quarter ended March 31, with revenue for Q3 up 20 per cent to $213.3 million; whilst operating income rose 21 per cent to $43.3 million. The company also revealed it now has distributed 86.9 million active digital TV smart cards and has 83.1 million cumulative middleware clients deployed. Commenting […]

Nativ, the video distribution specialist, has launched Mio Workflow, what the company claims is the media industry's first fully managed service to enable broadcasters, brand owners and advertisers to distribute content across any platform. Mio Workflow provides the tools necessary to ingest, re-purpose, protect and distribute raw video assets across the entire range of distribution […]