The tough consumer environment took its toll on Walt Disney's Q3 earnings, with profits down 25 per cent on falling television advertising income and declining home entertainment sales. Bob Iger, chief executive, acknowledged the difficult economic conditions but said the company, which owns the ABC television network and ESPN cable channel, had detected signs of […]

European satellite giant SES has reported a 10 per cent rise in first-half core profit (EBITDA) to E607 million. The company repeated it saw revenue growth of 3-4 per cent on a like-for-like basis and an EBITDA margin for its infrastructure business of above 82 per cent.

BSkyB has added a better-than-forecast 124,000 subscribers in the past three months, hitting a total of 9.4 million, boosted by price cuts and promotion for its high-definition TV service, with new customers joining at the fastest rate for five years. Announcing a four per cent rise in annual profits for the 12 months to the […]

Dutch telco KPN hay reported a 4.8 per cent rise in second quarter net profit as cost cutting offset a revenue decline, but it lowered its revenue guidance for the full year and for 2010 as the economic downturn hits demand from businesses. KPN now expects both 2009 and 2010 revenue to be in a […]

BSkyB is expected to announce 100,000 net additional subscriptions in its financial reporting today. This will bring the company's subscriber base to roughly 9.4 million, on target to hit the 10 million mark by Q3 2010. Despite a troubled economy, Sky has managed to hold on to—and indeed, grow—its subscriber base over the past year. […]

Kabel Deutschland reports growth in subs to digital TV, telephony and fast internet. In the three months to March 31, 2009 Germany's largest operator revealed the RGUs for internet and phone services had increased by 87.9% year-on-year to 1.42 million. The internet business contributed 707,500 and telephony 710,300. Some 70% of new customers are attracted […]

With its half year results Modern Times Group says net sales up 8% year on year to SEK 6,920. It had operating income of SEK 822 million when excluding income from the discontinued DTV Group in 2008 Hans-Holger Albrecht, President and Chief Executive Officer, commented: "Market conditions remained tough in the second quarter with advertising […]

Google Chief Financial Officer Patrick Pichette has said that its YouTube video site should be profitable in the not-too-distant future. “We’re really pleased both in terms of its revenue growth, which is really material to YouTube and, in the not long, too long distance future, we actually see a very profitable and good business for […]

BBC Worldwide, the BBC’s commercial arm, saw yearly revenue hit £1bn (E1.16bn) for the first time, but profit fell because of write offs on Kangaroo and damage from the collapse of its video distribution JV with Woolworths. In the year to 31 March, revenue rose 9.5%, while profits were just £85.7m. BBC Worldwide made more […]

UK AIM-listed TV-and-web gaming vendor NetPlayTV is aiming to raise £12.8 million (E14.8m), to strengthen its balance sheet and finance further growth, by offering nearly 30 percent of its equity through a new share offer. The firm bought Bingos.com, acquired Rubberduck's mobile quiz subscribers and Pitch Gaming's database, secured a Sky EPG slot and took […]