From David Del Valle in Madrid Third quarter results for Tele 5 has reaffirmed the Mediaset-controlled channel as the most profitable in Spain, both in audience ratings and in profits. The company made a net profit of E262.8 million until September, 14.6 per cent more than the same period last year. Total revenues rose 10.0 […]
Music download service Napster has reported a narrower quarterly loss as revenue increased from new mobile phone-based and existing personal computer-based services. The digital company said its fiscal second-quarter net loss was $5.1 million, compared with a year-earlier net loss of $9 million. Revenue grew 24 per cent to $31.6 million from $25.5 million a […]
Spanish infrastructure company Abertis has bought a 28.4 per cent stake in satellite operator Hispasat for E199 million. Abertis said it had made the purchase through its Abertis Telecom unit from Ensafeca Holdings and it will now control 37.3 per cent of Hispasat shares as it also holds an indirect holding through its 32 per […]
The Federal Communications Commission (FCC) has prohibited all television service providers from entering into or enforcing exclusive access provisions that block competitors from serving apartments, condominiums or other private real estate developments. “Millions of consumers live in apartments, condos or other private developments, and, until now, many of them have been denied the benefits of […]
From Sotires Eleftheriou in Paris According to reports in the French press, the British investment fund Cinven wants to sell up to half of its 70 per cent stake in Ypso, the holding company that owns the cable operator Numericable, for almost E2 billion. Several investment funds have expressed an interest in acquiring this 35 […]
The US House of Representatives has voted unanimously to extend a tax moratorium that was first adopted to promote US Internet access in the early days. The ban prevents local authorities from levying a number of potential Internet taxes, and is a victory for technology and telecommunications companies. While short of the permanent ban they […]
IAC reported a 4.2 per cent drop in third-quarter net income amid higher costs as home-shopping channel HSN showed signs of a turnaround. IAC reported net income of $71.8 million, compared with $74.9 million, a year earlier. The latest quarter’s results included a $5.9 million gain related to the sale of Home Shopping Network Europe […]
Alcatel-Lucent has posted Q3 net losses of E258m on revenue down 7.8 per cent year-on-year at E4.35 billion. The group says the integration plan has seen 5,000 jobs cut in the year so far, with the company on track to achieve synergy-related pre-tax savings of E600m this year. It is to cut a further 4,000 […]
In the latest survey of revenue leakage over the last 12 months to the regional pay-TV industry, conducted by the Cable & Satellite Broadcasting Association of Asia (CASBAA) and Standard Chartered Bank, the losses are conservatively estimated to stand at $1.54 billion, (E1.06bn) as compared to $1.13 billion in 2006. While the China market remains […]
Sirius Satellite Radio reported a narrower third-quarter loss and recorded a 50 per cent increase in new subscribers ahead of its planned combination with larger rival XM Satellite Radio. Sirius reported a loss of $120.1 million (E83.2m) for the three months ended September 30, compared with a loss of $162.9 million in the year-ago period. […]