Netgem has reported a net profit down 54 per cent to €10.7 million in 2011, including €1.5 million from a one-off gain and €3.4 million in tax expenses. The French IPTV STB maker’s gross margin was stable at 38.2 per cent on revenue down 37 per cent to €84.7 million. Operating expenses came down by […]
Analysts at SNL Kagan suggest that losses at the Oprah Winfrey/Discovery-backed OWN channel could reach $142.9 million this year. SNL Kagan number cruncher Derek Baine says the problems are many: the current bad press could make advertisers twitchy about committing their cash to the channel. Also any prospects of OWN gaining – a normal – […]
Spain’s largest cable company ONO remained in the black in 2011 for the third consecutive year. The company made a profit of €50 million, up 7.8 per cent on the previous year. Total revenues increased by 1 per cent to €1.485 billion and the EBITDA grew by 3.2 per cent to €348 million. The launch […]
Shares in French media group Lagardere have plummeted after the group posted a net loss of €700 million for 2011. Lagardere had last month announced €900 million in provisions to account for the poor performance of sports and pay TV operations in the second half of last year. The group had also written down the […]
US satellite TV giant DirecTV is raising $3.97 billion in fresh debt. The terms on some of the debt extend out as far as 2042. DirecTV says it will use some of the proceeds to buy back its own stock, and for the usual catch-all: “general corporate purposes”.
Mike Pulli, set-top box maker Pace’s newly-appointed CEO, delivered an upbeat report to analysts, along with the company’s full-year numbers (to December 31st), on March 6th. The market liked what it heard, marking up Pace’s share price by 11 per cent during early trading (9p) to 90p. Pulli has been in post only since December […]
RTL Group boosted its net profit 8.9 per cent last year, aided by major gains at its FremantleMedia unit – mainly from X-Factor America. RTL, which owns 45 channels across Europe, saw full-year profits to December 31st of €795 million compared with €730 million 12 months prior. Revenue was up 4.2 per cent at €5.76 […]
Jean-Yves Le Gall, CEO at Arianespace, speaking in Dubai, says that his company’s revenues this year will exceed €1 billion ($1.3bn) and it is likely to launch 10-12 satellites during the year. “Globally, I think demand will not increase so much but there is a move in the areas of demand,” Le Gall said. “We […]
Belgian telco Belgacom has reported a strong performance for its TV operations in 2011, despite falling revenues and profits. The total number of subscribers to its ‘Belgacom TV’ IPTV service reached 1.211 million by the end of December, up 24 per cent from one year previously, with 72’000 coming in the 4th quarter alone. TV […]
Global satellite operator Intelsat reported its full year and Q4 numbers March 1st, saying that its government-based business had seen a 7 per cent growth during the year, and media-related broadcasting (largely DTH) generate revenue growth of 4 per cent during the year. However, revenues overall only grew 2 per cent, not helped by the […]