The continuing costs related to the hacking of its encryption system took Premiere to its fourth consecutive quarterly loss in the third quarter. A negative EBITDA of E27.2 million in Q3 2008 compared to the positive E22m in the same quarter of last year. Increased costs on transmission, hardware and sales pushed operating costs up […]

Intelsat has reported revenue of $598.5 million and a net loss of $179.3 million for the three months ended September 30th, 2008. The company also reported EBITDA of $406.3 million. “Intelsat’s third quarter results showed strength and stability as we improved revenue by 10 percent, grew Adjusted EBITDA by 11 percent, and increased our contract […]

Adult entertainment specialist Private Media Group has announced its results for the three months ending September 30th, 2008. It reported net sales of E4.6 million compared to net sales of E7.5 million for the three months ended September 30, 2007, a decrease of E2.9 million. "Due to the comparatively weaker dollar and the restructuring of […]

Dish Network has seen its third-quarter profits shrink 54% and its subscriber numbers decline for the second quarter in a row. Dish, the second largest satellite operator in the US, generated $92 million profit on $2.9 billion in third-quarter sales. That compares to $199.7 million profit on $2.7 billion revenue in the third quarter of […]

Portugal’s cable TV and Internet company Zon has posted a 2 per cent drop in net profit for the January-to-September period as higher financial costs offset a rise in revenue. The country’s leading cable operator said net profit slipped to E50.9 million – slightly below market consensus. Zon said nine-month net revenue rose 8 per […]

US electronics firm Circuit City has filed for bankruptcy protection. The retailer filed for Chapter 11 protection from creditors at the US bankruptcy court in Richmond, Virginia, where it has its headquarters. The company said it had secured $1.1bn in loans to provide working capital while it was under Chapter 11 protection. Last week, it […]

Walt Disney has reported lower-than-expected profits for the fourth quarter after feeling the effects of the economic slowdown. The firm reported net earnings of $760m down from $870m a year ago. Revenue grew to $9.45bn from $8.93bn. Disney reported a sharp drop in hotel bookings and the tougher advertising climate hit its television networks. Its […]

Announcing its quarter numbers Virgin Media revealed the cost of settling the carriage dispute with Sky. Virgin will pay Sky approximately £38m (E48) a year over the course of the contract to June 2011. However, Sky will pay Virgin an increased amount of £24m a year to keep its channels (Living, Trouble and Bravo) in […]

Rupert Murdoch has sharply cut forecasts for News Corp, predicting lower ad revenue will see it suffer double-digit declines in operating income for this fiscal year, rather than the 4-6 per cent growth previously forecast. News Corp said it expects a low to mid-teens percentage drop in operating profit from the $5.13 billion it recorded […]

Cablevision Systems swung to a profit in the third quarter helped by additions to its Internet and phone subscribers during the period. The company had a net profit of $27.1 million, compared with a loss of $79.3 million a year ago. Revenue grew 15.4 percent to $1.745 billion partly bolstered by the additions of Newsday […]