Time Warner has reported a $16 billion operating loss for 2008, blaming it mainly on a $24.2 billion writedown of the value of assets. A year earlier, the owner of internet firm AOL, Warner Bros movie studios and CNN made an operating profit of $8.9 billion. Fourth-quarter operating loss amounted to $22.2 billion, down from […]

News Corp's DTH pay-TV and TV networks boosted an otherwise lacklustre set of results that saw $953m operating income for the first quarter against $1.05bn a year ago. SKY Italia generated operating income of $165 million, an improvement of $117 million versus a year ago with net subscriber additions of 359,000 over the past 12 […]

Atlas Venture, the VC house that's backed ShozU, Songbird, Moo and Dailymotion, is starting a new $283 million venture fund. But the firm is also restructuring, with Boston-based partner Ahmet Ozalp and London-based Martin Gibson leaving the company.

AT&T have reported a fall in quarterly profit. While the top US telco added a net 2.1 million subscribers during the quarter, higher than the average analyst forecast for 1.9 million subscribers, investors remained concerned about a weakening wireline business. It reported a net addition of 264,000 subscribers to its U-verse video service in the […]

Thomson group has warned it is likely to breach certain debt covenants and needed to bolster its balance sheet, notably by selling more non-core activities. The loss-making company said it would sell businesses which contributed around E1 billion to 2008 sales, including Grass Valley and PRN, for which it has already received expressions of interest, […]

The theory that home-entertainment wins out in a recession is proved again with the latest results from BSkyB. Europe's biggest pay-TV operation announced net customer growth of 171,000 for the second quarter (to December 31, 2008), up from 167,000 for the like period a year earlier. Total base is now 9.24m. Like for like operating […]

Verizon, the US' second largest telco, said its earnings increased 15 percent in the fourth quarter, as the shrinking economy did little to dampen appetites for wireless, Internet and TV service. The company said it earned $1.24 billion, up from $1.07 billion a year earlier. Revenue rose 3.4 percent to $24.6 billion from a year […]

Sony has said it expects to post a record annual operating loss of nearly $3 billion because of the rapid deterioration of the global economy. It also announced a major overhaul that would include layoffs and factory closings. "The massive economic upheaval being experienced across the world is sparing no one in the consumer electronics […]

Sirius XM Radio Inc plans to increase prices for subscribers with multiple accounts and begin to charge for its online music feed. While it is keeping its core rates unchanged — a condition to which Sirius and XM Satellite Radio agreed last year in order to close their merger — the move could anger subscribers […]

Virgin Media is considering whether to delist on New York's Nasdaq – a legacy of its ntl past – in favour of listing back at home in the UK, as part of a review of company finances. "Our new CFO is looking at our capital structure, including how we are listed and what our dividend […]