DirecTV’s third-quarter net income dropped 14 per cent as the company spent more to provide customers with high-definition channels and digital video recorders. The US's largest satellite-TV operator reported net income of $319 million (E217m), compared with $370.2 million a year earlier. Results in the year-ago quarter included a pretax gain of $61 million related […]
Time Warner reported a 9 per cent rise in third-quarter revenue of $11.767 billion, however net income was down to $1.1 billion from $2.3 billion 12 months earlier due to discontinued operations and one-off items. The group’s main revenue driver, Time Warner Cable, posted a 25 per cent increase in revenue to $4 billion, with […]
BT met forecasts with a 3 per cent rise in second-quarter revenues on good growth in broadband and networked IT services and said it was confident in its growth prospects. The BT Retail unit accounted for 37 per cent of net DSL broadband additions during the quarter, giving it a broadband customer base of over […]
Modern Times Group has announced a number of new senior management appointments and the reorganization of its Central Eastern European operations. Manfred Aronsson has been appointed as CEO of MTG Sweden and Anders Nilsson as Co-Chief Operating Officer of MTG. Ulrik Bengtsson has been appointed as CEO of Pay-TV Emerging Markets, and Laurence Miall-d’Aout as […]
Deutsche Telekom has concluded an agreement with the French TDF group on the sale of T-Systems Media&Broadcast. The transaction has an enterprise value of E0.85 billion. The sale of Media&Broadcast is part of the 'Focus, fix and grow' strategy presented to the public by the Deutsche Telekom in March.
News Corp first-quarter profit fell 13 per cent from a year earlier, when the sale of investments boosted results by $428 million (E291m). Income dropped to $732 million from $843 million a year earlier. Sales rose 19 per cent to $7.07 billion. Chairman and CEO Rupert Murdoch highlighted the results at Fox Interactive Media, that […]
ITV has told the UK Competition Commission it wants Sky off its share register. The broadcaster said Sky’s ability to influence ITV’s decisions on planned investments would lead to a "substantial loosening" of competition, which required a "comprehensive and effective" remedy. In its submission to the Commission, which is currently investigating Sky’s stake, ITV said […]
Virgin Media added 13,000 new customers in the third quarter of the year, hailing a “significant turnaround” in its business. At the end of September it had an “on-net” customer base (the total number of subscribers to at least one of its cable services) of 4.8 million. Acting chief executive, Neil Berkett, said customer growth, […]
French telecommunications regulator ARCEP has published a summary of its public consultation- launched July 2007 – aimed at enlightening public authorities in their work on the digital dividend conducted under the aegis of the Comité Stratégique pour le Numérique. Several players, especially from the telecommunications sector, but also a very small number of contributors from […]
Dick Parsons is to step down as chief executive of media giant Time Warner. Parsons will be replaced by Jeff Bewkes, the company’s president and chief operating officer, on January 1st next year. Bewkes had been chief executive at HBO where he was credited with building it into a profit driver for the company with […]