Time Warner enjoyed the most profitable quarter in its history thanks to an ad recovery and strong movie performance. Net income rose to $725 million, up from $660 million in the prior period. Revenue was up 5 per cent, to $6.3 billion, for the quarter, the company’s biggest gain in almost two years. Time Warner’s […]

The first quarter 2010 report from Sirius XM showed that the satellite radio provider closed March 31 closed with 18,944,199 subs, up approximately 2 per cent from the 1Q09, though according to CEO Mel Karmazin the company passed the 19 million last week. The vast majority of the company’s subscribers (approximately 11.4 million in Q1) […]

Time Warner Cable's first-quarter net income rose to $214 million, compared with $164 million a year earlier. Free cash flow rose 78 per cent, to $652 million, as it lowered capital spending. Revenue rose 5.4 per cent, to $4.6 billion, during the quarter. The cable company was also helped by a rebound in advertising sales, […]

The popularity of BSkyB’s HD services has exceeded analysts’ expectations with 428,000 households signing up for Sky+ HD in the first quarter, a 76 per cent year-on-year increase. BSkyB added 62,000 net new customers in the three months to the end of March. BSkyB now has a total subscriber base 9.77 million. Average revenue per […]

Orange's pay-TV services reaching 3.39 million subscribers across all markets by the end of March, up from 3.217 million at the end of 2009 and up 34 per cent year-on-year. Orange sports and Orange cinema series channels having a combined total of 713,000 customers by the end of the period (up from 363,000 one year […]

Virgin Media has added a net total of 38,300 new cable subs – the largest number since it was formed by the merger of NTL and Telewest four years ago, and above analysts’ expectations. Virgin said that the growth in net households added, which compares with just 7,100 for the same period last year, was […]

Video advertising company FreeWheel has raised $16.8 million in funding from Disney's Steamboat Ventures, and existing investors, including Turner Broadcasting System, Battery Ventures, and Foundation Capital . This brings the company's total funding to nearly $30 million. Founded by former DoubleClick employees in 2007, FreeWheel allows marketers and publishers to manage video advertising campaigns across […]

Netflix’s stock rocketed past $100 a share – a doubling in three months – after the company reported another phenomenal quarter. The online movie rental company logged a 44 per cent surge in first-quarter profit on a 25 per cent jump in revenue. Even more impressive, the company gained a net 1.7 million subscribers in […]

SES, the world’s second-largest satellite operator, cut its forecast for 2010 revenue and core profit growth after weaker-than-expected first-quarter results. SES, which sells transmission capacity to the likes of BSkyB, Canal Plus, Premiere and NBC, said the delay of a satellite launch and the reduction in revenue from another satellite meant it had to cut […]

From David Del Valle in Madrid ONO, Spain's dominant MSO that recently completed a major debt restructure, is now planning an IPO to raise further fresh capital. CEO Rosalia Portela said and IPO later this year might raise E700-E1 billion and the company would also look to tap the bond market for further funds. The […]