Finishing up a dismal earnings season for media, News Corp reported a 70 per cent drop in net income to $300 million, excluding one-time events, and a 16 per cent drop in revenue to $7.37 billion for the quarter ended March 31st. Non-broadcast channels were the one bright spot with increased affiliate revenue for Fox […]
European broadcaster RTL said sales dropped 11 per cent in the first quarter due to a continued TV advertising slump and core profit shrunk more than 50 per cent on restructuring and start up costs. RTL, owned by media giant Bertelsmann, reported that revenue in the first three months of the year fell to E1.188 […]
US satellite TV provider Dish Network Corp has posted better than expected quarterly profit, despite losing 94,000 subscribers. Net income rose to $312.7 million from $258.6 million a year earlier. Revenue rose 2.1 per cent to $2.91 billion. Dish Network chairman Charlie Ergen, attributed the subscriber loss to the weak economic environment, as well as […]
DirecTV has reported that first-quarter earnings fell 46 per cent even as subscriber growth hit a four-year high. Chief Executive Chase Carey said he expects intense competition to continue in the pay-TV business, as providers fight for consumers who have become more sensitive to price. Still, he predicted that customers will cut their spending to […]
The slump in the U.S. car industry helped send Sirius XM Radio Inc. to a loss of $236.6 million in the first quarter and its first-ever quarterly decline in net subscriber additions. But the satellite radio company said it has enough access to financing and cash generated from operations to meet its debt obligations this […]
A weaker than expected performance by its films at the box office and through DVD sales depressed Disney's second-quarter profits. Operating income at Disney's studio business fell 97 per cent to $13 million. The recession also continued to depress earnings in other parts of the group, with advertising down at Disney's ABC television network. But […]
Discovery Communications reported an $8 million increase in first quarter revenues to $817 million, outstripping analysts expectations for the period and posting $119 million in profit. The company reported only $34 million in profit for the first quarter of 2008. Discovery even bucked the advertising slump, posting a two percent increase in ad revenues. As […]
Norwegian teleco Telenor has reported a 65 per cent decline in first quarter net profits compared with a year earlier, hurt largely by its stake in Russian mobile operator VimpelCom. The group said net profit for the January through March period was 1.62 billion kroner ($248m) compared to 4.57 billion kroner a year earlier. Revenues […]
Sales slightly down and losses increasing on Q1 to £123m (E138m) from £109m last time were the bad news while increased ARPU (£42.29 v £41.95) and a record low churn of 1.1% were the good news. Revenue for the quarter was £935.7m against £947.3m last time. But the underlying fall in broadband sign-ons – down […]
BSkyB has delivered profit gains in the last quarter as more customers signed up for its high-definition digital services. Pre-tax profits rose 13% to £63m (E70m) between January and March. It added 243,000 customers for its Sky+HD service, but with churn the net gain down to 80,000 new customers. Revenue was up to £1.4bn, from […]