Communications and information technology company Harris Corporation is to divest its Broadcast Communications business. Confirmation of the decision came as the company announced its third quarter results. William M Brown, president and chief executive officer, said the decision to divest Broadcast Communications resulted from a thorough review of the company’s business portfolio, which determined that […]
LG Electronics, the world’s second-largest television maker by sales, returned to profit in the first quarter as higher sales of premium televisions improved its profit margins. The company swung to a net profit of Won242.5 billion ($213m) in the January-March period, from a Won15.8 billion net loss a year earlier. Operating profit more than trebled […]
Time Warner Cable, the second-largest US cable-television provider, has reported improved first-quarter financials, but said it lost 94,000 residential video subscribers to end March with about 12.47 million. In the period last year it had lost 42,000 subscribers. First-quarter earnings of $383 million rose 18 per cent from $326 million in the year-ago period. Revenue […]
Reporting its Q1 2012, Virgin Media says it is making steady progress against forecasts. Most notable is the incline by 1.7 per cent year on year in the ARPU to £46.95 (€57) boosted by further penetration for TiVo, up 242,000 to 677,000 or 18 per cent of the subs base. Turnover was up 2.4 per […]
Madrid-based satellite operator Hispasat achieved record revenues for its 2011 trading year helped by new capacity coming on stream from its Amazonas-2 and Hispasat 1E craft. Specifically, operating revenues grew last year by more than 3.4 per cent (to €187.5 million) despite Spain’s tough economic position. Hispasat was helped by income from ‘the Americas’, which […]
Modern Times Group (MTG) the Swedish broadcasting group, has said it expects improved year-on-year profitability levels for its emerging market free-TV and pay-TV operations in 2012, as it reported a drop in net profit in the first quarter due to higher investments. “The year-on-year increase in investments in our Scandinavian free-TV and Nordic pay-TV operations […]
Quickflix achieved new growth milestones during the last quarter and made significant strides as first-mover in Australia & New Zealand’s emerging IPTV movie and TV streaming sectors. Paying subscribers grew by 14 per cent finishing the quarter at 107,520. Revenue was up 15 per cent and in March exceeded a run rate of A$20 million […]
UK set-top box specialist Pace issued a statement to coincide with its AGM on April 16, saying that its first 15 weeks of trading were “encouraging” and in line with expectations. Allan Leighton, Pace’s chairman, added “The business is benefitting from a stronger operational focus and this is delivering tangible benefits in procurement, operating efficiency […]
While the BBC Trust is agonising over whether to pay its next Director General anything more than about £400,000 (c. $620,000) in annual salary and bonus, US pay-radio operator Sirius-XM has rewarded Mel Karmazin, its CEO, a $1.5 million salary plus $9.2 million in bonuses. His rewards (up 13 per cent) reflect the growth in […]
The Spanish pay-TV market ended 2011 with 4.4 million subscribers, adding 109,376 clients in a year and with revenues growing 7.5 per cent to €1.1 billion. The latest data from the Telecommunications Market Commission (CMT) reveal that IPTV platforms, namely Movistar Imagenio and Orange TV, took the lion’s share of the new subscribers with 29,416 […]