Sony’s top executives, including Kazuo Hirai the chief executive, are skipping bonuses worth between 30 and 50 per cent of their pay after they failed to deliver on returning the group’s consumer electronics division to profit. The bonuses, estimated at roughly Y1 billion ($10m) in total, were to have been paid for work done in […]
Comcast has posted higher quarterly profit driven by strength on the cable side of the business. The leading US cable television provider, which also owns broadcaster NBC Universal, posted first-quarter profit of $1.4 billion, up from $1.22 billion a year ago. While the cable unit lost a worse-than-expected 60,000 customers, it added 433,000 high-speed Internet […]
Shares in Germany’s RTL Group slipped below their issue price in their first day of trading on the Frankfurt exchange, following the world’s largest share offering of a media group in eight years. After briefly rising above the €55.50 offer price in early trade, shares of Europe’s largest broadcaster with 53 television channels and 28 […]
Pay-radio operator Sirius-XM delivered one of its best-ever sets of results April 30th, saying that its Q1 2013 subscribers now topped 24.35 million (up 453,000 or 9.9 per cent y-o-y) and with record revenue growth of 12 per cent to $897 million ($805m in 2012) although this figure was about $12 million lower than consensus […]
BSkyB’s net DTH subscriber additions are likely to be close to zero when their numbers are announced early on May 2nd: that’s the buzz among analysts. This would be the first time that the broadcaster has not shown subs progress in a quarter’s trading. One bank report suggests there might even be a fall in […]
Sky Deutschland’s CEO Brian Sullivan is likely to report further steady progress when he unveils its Q1 numbers on May 3rd. Investment banker Morgan Stanley in a note to clients, says it is expecting Sullivan to say that the broadcaster is steadily improving both the quantity and quality of its subscriber base. While the bank’s […]
Central European Media Enterprises announced financial results for the first quarter ended March 31, 2013. Net revenues for the three months ended March 31, were $137 million compared to $167.4 million for the same period in 2012. Operating loss was $35million compared to $10.3 million in 2012. Net loss for the quarter was $109 million […]
Amazon, the world’s largest online retailer earned $82 million in the first quarter – down 37 per cent from $130 million in the same period a year earlier. Revenue rose 22 per cent to $16.07 billion from $13.19 billion. Amazon’s operating expenses rose 22 per cent to $15.9 billion, as the company invests in enhancing […]
Belgian cableco Telenet’s increased revenue by 11 per cent in the first quarter as it more than doubled its mobile phone subscribers from a year earlier. The group, which offers cable TV, Internet and telephony to customers in the Dutch-speaking north of Belgium, made 405.6 million in revenues in the first quarter. Telenet said it […]
Time Warner Cable, the second-largest US cable operator, reported Q1 revenue below analyst estimates as it added fewer-than-expected subscribers for its high-speed data services. Time Warner added only 143,000 high-speed data subscribers in the first quarter, fewer than the 181,000 subscriber additions analysts had forecast. Also it lost 119,000 residential video subscribers in the first […]