Flexible, remote working means many office workers are unlikely to heed calls for a return to the office, with new research from multiplay telco O2 revealing that almost half (45 per cent) of Brits believe lockdown will change their company’s approach to flexible working long-term. Commuting tops the reasons why people like working flexibly – […]
A filing to the US bankruptcy court handling OneWeb’s Chapter 11 bankruptcy on August 3rd states that investors in OneWeb saw the company’s bankruptcy as likely from the middle of 2018. The key investors were SoftBank, Airbus, Qualcomm, Banco Azteca, and the Government of the Republic of Rwanda and the filing argues that these controlling […]
Multichannel programmer Discovery has reported financial results for the quarter ended June 30th 2020. Total revenues of $2.54 billion (€2.14bn) decreased 12 per cent compared to the prior year quarter. US distribution revenues increased 7 per cent, or increased 2 per cent excluding certain non-recurring items, and advertising revenues decreased 14 per cent. International distribution […]
Satellite operator SES will issue its Q2 and half-year numbers on August 7th and a note to clients from investment bank Exane/BNPP warns that the impact of Covid-19 is likely to impact the operator, especially its Mobility division. The bank says that expectations of the operator’s Mobility revenues amongst observing banks is extremely wide, ranging […]
US President Donald Trump has changed his mind and rescinded the renewal nomination of one of his own Republican commissioners. Commissioner Michael O’Rielly’s 5-year term expired in June 2019. He was originally nominated to the FCC by President Obama in November 2013 and confirmed for his term on the FCC in 2015. In March this […]
ViacomCBS Networks International (VCNI) has announced the appointment of Kathryn Richardson as Vice President, Business and Legal Affairs, for its business in the UK. Based in the London office, Richardson will dually report into Sebastian Chames, Senior Vice President, General Counsel, VCNI, and incoming UK Chief Operating Officer, Sarah Rose. In this role, Richardson will […]
WWE has announced that Nick Khan, former Co-Head of Television at Creative Artists Agency (CAA), has been named President & Chief Revenue Officer, reporting directly to WWE Chairman & CEO Vince McMahon. “Nick is a seasoned media executive with a deep understanding of our business and a proven track record of generating significant value for […]
Liberty Global has published its Q2 2020 financial results. CEO Mike Fries commented: “Against the backdrop of the Covid-19 pandemic, we continue to effectively navigate through these unprecedented times. Our core focus will always be on ensuring the health and safety of our employees, while delivering an unparalleled connectivity experience for our customers. On that […]
Virgin Media, the Liberty-owned UK quad-play provider, has reported Q2 revenue of £1.23 billion (€1.36bn), a decline of 3.5 per cent on a reported basis and 3.6 per cent on a rebased basis, with certain low-margin revenue streams being temporarily impacted by the Covid-19 pandemic. Q2 residential cable revenue decreased 2.4 per cent YoY on […]
UK comms regulator Ofcom has confirmed plans to auction spectrum to help improve mobile broadband and support the rollout of 5G, with bidding set to start in January 2021. According to Ofcom, the auction will increase the total amount of spectrum available for mobile in the UK by nearly a fifth (18 per cent) – bringing […]