Viacom has announced a major restructuring across its entire global business, which including MTV Networks and Paramount Pictures. It will cut jobs in all divisions of the company, which will result in the reduction of its workforce by approximately 850 posts or 7% of the staff. The company is also suspending senior level management salary […]

From Colin Mann in London Stephen Carter, the UK's first Minister for Communications, Technology and Broadcasting, considers that the digital sector, while vitally important to the economy, punches below its weight. Lord Carter is spearheading a report – Digital Britain – intended to be a comprehensive analysis of the digital economy, at its core an […]

IAC/InteractiveCorp Chief Executive Barry Diller has told Reuters he expects his company will have up to $2.2 billion in cash by March 2009 and has no plans to use it for share buybacks, although he is keen for acquisitions. “My sense is that we wouldn’t be purchasers of our own stock and that’s because tomorrow […]

'Next generation guidance' company Vizimo has confirmed the acquisition of TIOTI (Tape It Off The Internet), the popular, interactive, TV social networking website. Vizimo plans to use TIOTI as a shop window in which to pioneer, demonstrate and test new functionality and tools that tie together TV, the web and, increasingly, mobile devices. TIOTI launched […]

Time Warner Cable will likely sell fewer than expected video, Internet and phone subscriptions this year, and expects a further decline next year due to the worsening U.S. economy, Chief Financial Officer Rob Marcus said. “In 2008, we’re on track to deliver less than 2.5 million additional revenue-generating units,” Marcus told the Reuters Media Summit […]

UKTV has hired Keith Porritt as executive director for commercial operations. Porritt, who will start his job in the new year, will have responsibility for managing UKTV’s relationships with programme suppliers, handle legal and business affairs and lead all commercial activity outside advertising sales. This will include handling the relationship with BBC Worldwide, the corporation’s […]

Jupiter Telecommunications (J:COM), the largest multiple system operator in Japan has acquired 97.9 per cent of the total outstanding shares in the Jyohoku New Media. As a result of the purchase, Taito Cable Television has now become a consolidated subsidiary of J:COM. J:Com said that it expected the deal to expand its reach in the […]

Russian telco Comstar has reported a 22 per cent year-on-year increase in third-quarter core earnings, but has said it would cut capital expenditure due to the financial crisis. Comstar said its adjusted operating income before depreciation and amortisation reached $184.8 million, higher than the average forecast of $163.6 million. Its OIBDA margin increased to 43.8 […]

TiVo reported a record profit for the third quarter ended October 31, of $100.6 million, but that was based mainly on the $105 million in damages the company received from satellite operator Dish Network and its set-top supplier EchoStar Corp. relating to patent litigation. Without the Dish/EchoStar damages award, the company would have posted a […]

BSkyB is to continue legal action in the fight to hold on to the 17.9 per cent stake it holds in rival broadcaster ITV. The UK Competition Appeal Tribunal last month upheld an original ruling by the Competition Commission that by holding the stake BSkyB had an adverse impact on the market. But Sky has […]