Satellite telecommunications group Inmarsat has reported that its core mobile satellite services (MSS) business has returned to growth in the first half to June 30th 2012. Inmarsat revenue rose 1.4 per cent from the previous first half to $367 million, while total revenue was virtually unchanged at $684 million. Chief executive Rupert Pearce said: “Despite […]
US-based Scripps Networks is on a roll. Revenues grew 13 per cent to $601 million. Q2 net income rose 84 per cent to $142.4 million ($77.4m same period last year). The company told analysts August 2nd that its forward bookings for this coming season in terms of advertising sales topped the $1 billion mark for […]
Time Warner Chief Executive Jeff Bewkes has attempted to allay a key concern about the pay-TV industry by predicting healthy subscription revenue for the TV channels that generate the bulk of the media conglomerate’s profits. Bewkes said he has “every confidence” that the company’s Turner division will generate double-digit percentage increases in subscription fees between […]
German broadcaster ProSiebenSat.1 has posted generally positive quarterly figures showing revenues up 4.5 per cent to €723.3 million and a net profit of €85 million, down from €132 million in Q2 2011 but that was without the company’s print and TV operations in Belgium and the Netherlands, which ProSiebenSat.1 sold last year. Factoring that out, […]
DirecTV has reported an increase in second quarter 2012 revenues of 9 per cent to $7.22 billion, operating profit before depreciation and amortisation (OPBDA) of 9 per cent to $2.01 billion and operating profit of 15 per cent to $1.41 billion compared to last year’s second quarter. The US satellite TV provider reported that second […]
Sony’s has lowered its full-year earnings forecast as it battles a strong yen and declining sales of LCD TVs and games consoles. The Japanese electronics and entertainment giant reported a quarterly loss of ¥24.6 billion (£202m) compared with a ¥15.5 billion loss a year earlier. Tokyo-based Sony lowered its earnings forecast for the business year […]
It seems only a few months back that Oprah Winfrey was having to take all manner of difficult decisions to ensure her Oprah Winfrey Network (OWN) stayed on air, let alone be profitable. Now, helped by its partnership with Discovery Communications, and Discovery’s clout with cable MSOs (and no doubt a slice of cost cutting […]
Comcast, the largest cable company in the US, has reported net income of $1.35 billion for the April-to-June period, up 32 per cent from $1.02 billion a year ago. Revenue rose 6 per cent to $15.2 billion from $14.3 billion a year ago. Some of the increase was due to Comcast buying out another investor […]
Billionaire Carlos Slim’s Latino telco investments are paying off. His América Móvil services saw a massive 7.8 per cent year-on-year increase in subscriber numbers to a total of 313 million. Of that number, some 15.1 million hook into its pay-TV services. Revenues grew 6.3 per cent over the year, helped by a growing take-up of […]
Intelsat, the world’s leading provider of satellite services, has reported financial results for the three months to June 30th, 2012. Intelsat reported revenue of $638.7 million and a net loss of $84.0 million for the three months. The company also reported Intelsat S.A. EBITDAi, or earnings before net interest, loss on early extinguishment of debt, […]