Time Warner raised its profit outlook for 2009 boosted by better than expected results at its cable channels and films division, even as it reported a 40 per cent lower net income for the third quarter. The owner of CNN and the Warner Bros movie studio said it will take a $100 million charge for […]
Virgin Media beat analysts’ forecasts for the third quarter, adding 8,100 net new cable TV households and boosting revenues by 1.3 per cent to £953 million (E1.06bn). The cable operator reported a year-on-year increase in operating cash flow of 6.8 per cent to £348 million for the quarter. Virgin Media added 37,000 customers to its […]
In a trading update ADB Group says: "The margins and profitability ratios continue to be in line with expectations. The top line growth remains lower compared to previous years, as indicated in the full-year guidance. The Group also enjoys a strong financial position maintained throughout the quarter. The demand from cable and satellite segment remains […]
NBCU had a lopsided Q3, as earnings grew 13 percent to $732 million even as revenues dropped 20 percent to $4 billion from $5 billion. NBCU's troubles are attributed to its declining broadcast business, which offsets gains on the cable side. There is much speculation parent GE is about to do a deal to buy […]
Canada's largest media company, Canwest Global Communications, has filed for bankruptcy protection as it struggles to unearth itself from a C$4bn (£2.4bn) mountain of debt. The sprawling empire owns a range of broadcasting and print businesses. Canwest’s chief executive, Leonard Asper, said business would carry on as usual despite the legal process: “We are firmly […]
YouTube will spend approximately $300 million on bandwidth in 2009 — meaning it won’t be profitable, according to an analysis by Credit Suisse. According to the report' authors that means YouTube still would not be profitable at the gross level this year, given their original 2009 revenue estimate of $240 million (a top-line increase of […]
From Branislav Pekic in Rome Italian commercial broadcaster Mediaset has for the first time surpassed RAI in terms of turnover thanks mainly to revenue from pay-TV. In 2008, Mediaset's turnover was up 9 per cent to E3.27 billion, while the public broadcaster saw a drop of 0.7 per cent to E3.21 billion. Additionally, RAI is […]
Aksh Optifibre plans to raise up to $20 million through a private placement to grow its IPTV and Voice over Internet Protocol (VoIP) business in India. The amount will be used to part finance Aksh's capex requirement as it plans to ramp up its subscriber base from 35,000 to 650,000 by March 2013. The company, […]
The strong performance of the Canal+ Group helped Vivendi beat first half forecasts. The premium channel group added 94,000 new subscriptions with the figures adjusted to take into account the merger with the TPS platform. The group has accelerated the migration of the remaining analogue subscribers, with 240,000 upgrades since January 2009 taking it ahead […]
German cable operator Kabel Deutschland (KDG) added 23,000 digital pay-TV subs during the 12 months to the end of June, a 2.8% increase on the previous year for a total of 842,000 digital pay-TV RGUs at the end of the first half of the year. The proportion of subscribers taking premium services, including pay-TV, DVR […]