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Pace stock tumbles on wary market

Despite delivering a near-perfect set of “strong” numbers (see separate story), UK-based TV technology company Pace failed to convince investors with their results (to December 31st 2010) and general outlook. Pace’s share price tumbled 36.5p (14 per cent) to 183p during March 8th, a five-week low point and the largest fall on the UK’s important […]

March 8, 2011By Chris Forrester

Pace buys raise sales 17.4%

UK set top maker Pace PLC has reported its full year’s for 2010 with a 17.4 per cent year-on-year increase in sales to £1.331 billion with organic (extracting acquisitions) revenue up 9.7 per cent. Adjusted EBITA is up 35.6 per cent to £103.6 million (2009: £76.4m) with organic business contributing £94.3 million and acquisitions £9.3 […]

March 8, 2011

Multimedia Polska adds channels, revenues up

Multimedia Polska, Poland’s third largest cable operator has expanded its cable-TV offer with three channels from Polish satellite operator Polsat. Polsat Sport, Polsat News and Polsat channels are now available to Multimedia Polska analogue TV subscribers. Nine channels from Polsat were introduced for digital TV subscribers earlier this year. Meanwhile, the cableco has reported that […]

March 3, 2011

Record ad take for US cable

The cable industry scored record highs in both national and local advertising revenues in 2010, according to the Cabletelevision Advertising Bureau. Cable ad revenues were $27.1 billion, up 12 per cent from 2009. National network revenues were $20.5 billion, up 9.6 per cent and local cable revenues jumped 20 per cent to $6.6 billion. “In […]

March 3, 2011

Spain’s ONO subs up, revenue down

Spain’s largest cable company ONO increased its subscribers in 2010 but total revenues and profits dropped by 2.7 per cent to €1.472 billion and 7.1 per cent to €47 million, respectively, with an EBITDA decreasing 0.8 per cent to €725 million. The company ended the year with 4.31 million residential subs (triple play), up 2.3 […]

March 2, 2011From David Del Valle in Madrid

TiVo discounting decimates profit

TiVo has revealed that its Q4 net loss more than tripled after the company dumped deep-discount digital video recorder boxes during the holiday season and racked up legal fees in a series of patent disputes. TiVo reduced its entry-level box price from $300 to $100, and the top-tier Premiere XL box from $500 to $300 […]

March 2, 2011By Chris Forrester

ANT bemoans lack of convergence specifications

Simon Woodward, CEO of digital TV software provider ANT, has implied that delays in agreeing product specifications that deliver the benefit of merged linear and Internet TV has affected the company’s revenues. Woodward’s comments came as ANT reported a seven per cent drop in full year revenue to £4.35million (€5.14m) last year from £4.70 million […]

March 1, 2011By Colin Mann

ITV reports £286m profit

ITV has reported £286 million (€337.5m) of pre-tax profits for 2010 as advertising revenue has surged back. The equivalent figure was £25 million last year. Net advertising revenue rose to £1.5 billion, up from £1.29 billion a year earlier. The company’s strong position – net debt will have more than halved to about £300 million, […]

March 1, 2011

Technicolor strong second half

Technicolor achieved Q4 revenues of €1.155 billion, up 21.4 per cent vs. Q4 2009, second half revenues over all were €2.075 billion up 17 per cent. Nonetheless annual turnover was down 1.2 per cent on 2009 though EBITDA was 1.2 per cent up at €505 million, a margin of 14 per cent. A net loss […]

March 1, 2011

Vivendi buoyed by Canal +

Vivendi Group has reported full year revenue of €28.878 billion, up 6.4 per cent. Pay TV division Canal Plus reported full-year revenues of €4.7 billion, a 3.5 per cent year-on-year increase, €3.956 billion coming from Canal Plus France. At the end of 2010, Canal Plus France had 11.1 million subscriptions and ARPU was up €1.6 […]

March 1, 2011