Dish Network has reported its fourth-quarter profit rose 24 per cent, but the second placed US DTH provider lost more than 100,000 subscribers. Dish Network earned $217 million for the three months ended December 31st, up from $175 million a year earlier. Sales rose 1 per cent to $2.92 billion from $2.89 billion. During the […]
Deutsche Telekom, Europe's biggest telco, reported a fourth-quarter loss on an impairment charge and announced an overhaul of management and its structure to cut costs and increase market share. The loss narrowed to E730 million from E750 million a year earlier.
Vivendi and broadband provider Iliad have joined together to file a complaint with the European competition authorities against France Telecom claiming it has abused its dominant market position in the country's fixed-line and broadband market. Vivendi chief Jean Bernard Lévy noted that 11 years after the market was open to competition, France Telecom still had […]
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 […]
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 […]
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 […]