German pay-TV broadcaster Premiere's shares fell 60% as it announced losses, a subscriber number re-statement and revealed it is trying to restructure bank debt.Premiere said its chief financial officer, Alexander Teschner, had stepped down as it restated its customer numbers to be in line with other pay-TV companies, resulting in a 940,000 drop in the […]
Aim-listed Phorm, the internet advertising group that announced a tie up with BT this week, made an pre-tax loss of £13.7m (E17.2m) for the first half of 2008, an increase of 52 per cent from the loss of £9.1m in the same period in 2007. However, in spite of the losses, Phorm still has a […]
The Cloud, the UK-based European wireless broadband provider, has secured its future with a E15m investment via a third round of venture funding. Ferd Ventures, the Norwegian investor, became the latest backer of the privately owned group, joining 3i, Accel and Provider Venture Partners, the Swedish fund.While turnover at The Cloud rose from £6.7m (E8.4m) […]
Aim-listed Phorm, the internet advertising group that announced a tie up with BT this week, made an pre-tax loss of £13.7m (E17.2m) for the first half of 2008, an increase of 52 per cent from the loss of £9.1m in the same period in 2007. However, in spite of the losses, Phorm still has a […]
Kohlberg Kravis Roberts and Permira, the private equity owners of ProSiebenSat.1 Media, have acquired chunks of debt in the struggling German television broadcaster. The debt purchases The debt purchases – about E100m by KKR's credit arm and Permira's debt subsidiary – are the latest examples of how, as the credit crunch has made it harder […]
Cable network operators in North America will increase their capex spending through at least 2010 in an effort to compete more effectively with telephone and “Cable industry infrastructure expenditures will keep rising through at least 2010, as North American MSOs upgrade their plant and equipment for the rollout of such new technologies as switched digital […]
The number of media companies present in the FTSE 100 will be at its lowest level for more than 10 years, according to research from A review of all the companies identified that once ITV is relegated this week, only five per cent of the FTSE 100 will be media companies. This is a significant […]
Miniweb, the Interactive Service Provider has confirmed a significant funding round, securing access to $32 million of venture capital investment. The funding is lead by
Liberty Media Corporation announced that it has authorised its management to proceed with development of a plan to distribute to the holders of Liberty Entertainment The transaction would be effected as the redemption of all outstanding shares of Liberty Entertainment tracking stock in exchange for shares of the subsidiary. The subsidiary, which would become a […]
GTV is currently available in Botswana, Cameroon, DRC, Ethiopia, Gabon, Gambia, Ghana, Kenya, Lesotho, Liberia, Malawi, Mauritius, Mozambique, Namibia, Rwanda, Sierra Leone, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe, and is commencing a phased rollout across sub-Saharan Africa. At the same time, Gateway is selling its telecommunications business to the African mobile operator Vodacom.