Russian broadcasting has had something of a roller-coaster ride this past couple of years, hurt badly by the advertising downturn, and CTC Media (Russia-based but NASDAQ registered) has seen its share-price suffer commensurately as revenues slumped. CTC operates two national free-to-air networks in Russia (CTC and Domashny, and DTV) with others in Kazakhstan and Uzbekistan. […]
US satellite TV provider DirecTV reported second-quarter net income up 29 per cent, beating expectations, as it added 472,000 net new subscribers in Latin America. US subscriber growth was below forecasts at 26,000 – but the new additions were still enough to push the company beyond the milestone of 30 million subscribers. DirecTV reported earnings […]
German commercial broadcaster ProSieben flagged moderate growth in its core TV advertising market this year, unsettling investors and overshadowing a 7 per cent rise in quarterly profit. ProSieben said second-quarter recurring earnings before interest, tax, depreciation and amortisation (EBITDA) rose to €238.7 million on sales growth of 6.5 per cent to €692.2 million. The figures […]
The value – and subscriber appeal – of two-way digital transmission is paying off for Mexican MSO Megacable. While its overall subs base has only expanded 2 per cent (to 1.77 million) its investment in digital transmission has helped push subscriber growth of 133 per cent to 738,000(as at June 30). 97 per cent of […]
Discovery Communications narrowly bested investor expectations for its second quarter thanks to strong advertising numbers and growth in distribution revenue, especially on the international side. Discovery, which owns cable networks such as the Discovery Channel, TLC and the Animal Planet, netted $254 million in profit, a 20 per cent increase over the same period – […]
Time Warner, the owner of Warner Bros, Turner Broadcasting and Time, has reported a 10 per cent rise in revenue for the quarter that ended in June — its highest growth rate since 2007 — and slightly revised upward its earnings guidance for the year. The company’s total revenues were $7.03 billion, up from $6.38 […]
Comcast reported strong earnings in its first full quarter since purchasing a majority stake in NBC Universal, which helped drive growth through its cable networks and movie studio. Q2 revenue for the US cable giant jumped 51 per cent to $14.3 billion. NBCU’s revenue was 17 per cent higher than it would have been last […]
Deutsche Telekom has reported a big fall in its profits as a result of restructuring costs and poor results from its Greek businesses. Net profit for the three months to the end of June were €348 million, 26.7 per cent down on the same period last year. Restructuring costs came from putting T-Mobile UK into […]
Indian telco giant Bharti Airtel unveiled very strong 1Q number August 4 (period to June 30) with total revenues up 38.6 per cent. However, net profits fell 28 per cent, hit by investments and losses on its African subsidiaries, and higher taxes. Much of the growth came from its cellular telephony business. There was also […]
International cable company Liberty Global has reported consolidated revenues of $2.62 billion for the three months ended 30 June 2011. This figure represents an increase of 21 per cent on the $924.1 million recorded in the same period a year ago. Operating income increased from $327.1 million during 2Q10 to $530.8 million during the year-later […]