Cisco Systems is to trim about 5 per cent of its workforce, equal to around 4,000 jobs. The news caused the company’s share price to crash 9 per cent in after-hours trading late on August 14th. CEO John Chambers, speaking on an analysts call, said the company is seeing a slow, steady improvement in its […]
Kabel Deutschland Holdings (KDH) Germany’s largest cable network operator, has released its consolidated financial results for the first quarter ended June 30, 2013 showing steady growth across the business, except for churn at Kabel BW. Internet and Phone momentum continued with 71,000 net subscriber adds quarter on quarter, representing the strongest Q1 since June 2009, […]
A week ago investment bank Morgan Stanley was describing Sky Deutschland as its ‘best in class’ broadcaster’. It is easy to see why, given that Sky-D has plenty of growth headroom, 100 per cent control of German football, no problems with the regulators and a good relationship with almost all of its rivals. This is […]
Scripps Networks’ international division continues to impress in terms of growth and ratings. Kenneth Lowe, Scripps’ chairman/CEO and president, told analysts during a call August 8, that Travel Channel and Food Network continuing to perform outstandingly well. “We expanded our footprint with the acquisition of the Asian Food Channel in April,” said Lowe. “We also […]
Jeff Bewkes, Chairman and CEO of Time Warner, has suggested that global Internet piracy actually benefits original programming such as HBO’s Game of Thrones, leading to more paying subscribers for pay-TV networks. Studies indicate that Game of Thrones is one of the most pirated TV globally. Responding to an earnings call question about whether Time […]
Finnish technology company Teleste has reported that net sales amounted to €46.5 million, a decrease of 6.4 per cent, for the period January 1st to June 30th. Operating profit stood at €1.7 million, a decrease of 28.2 per cent. Orders received totaled €44.2 million, a decrease of 10.1 per cent. Jukka Rinnevaara CEO commented: “Network […]
Rupert Murdoch’s split of News Corp into the old and the new seems to working, for one half, at least. 21st Century Fox has reported higher revenue and profit with growth at its cable operations including Fox News and its regional sports networks. “Although a significant amount of time and effort was spent over the […]
Time Warner has reported a Q2 profit that topped analysts’ estimates boosted by higher advertising revenue at its networks. Network advertising sales rose 11 per cent, helped by the NBA playoffs on TNT and the college basketball tournament, the New York-based company said. Meanwhile, The Lone Ranger hit Walt Disney’s growth in the last quarter […]
Swisscom has posted a fall in net revenue of CHF 25 million (0.4 per cent) to CHF 5,596 million in the first half of 2013, while EBITDA was down by CHF 122 million (5.5 per cent) to CHF 2,102 million. At constant exchange rates and excluding hubbing revenues from Fastweb (wholesale revenues from interconnection services) […]
Sky Deutschland reported better than expected results (Q2) early on August 6th. Net subscriber growth was up a very healthy 47,000 to 3.453 million. Premium HDTV clients were up 83,000 to 1.697 million, while Sky+ subs were up 105,800 to 1.170 million. Sky’s Bundesliga coverage starts August 9th and this current quarter-year is expected to […]