Net revenues for the six months ended June 30, 2008 increased 45 per cent to $528.9 million, compared to the first half of 2007. Operating income for the first half increased $62.8 million to $142.7 million. Net income increased $48.2 million to $82.5 million. Michael Garin, CME's Chief Executive Officer, commented: “The outstanding second quarter […]
Hans-Holger Albrecht, President and Chief Executive Officer, commented: “The results for the second quarter and first half of 2008 are again at record levels, both in terms of sales and profitability. This quarter marks the fifteenth consecutive quarter of double digit year on year sales growth by MTG.” Meantime, MTG is reported to be among […]
Hans-Holger Albrecht, President and Chief Executive Officer, commented: “The results for the second quarter and first half of 2008 are again at record levels, both in terms of sales and profitability. This quarter marks the fifteenth consecutive quarter of double digit year on year sales growth by MTG.” Meantime, MTG is reported to be among […]
Set-top box manufacturer Pace has maintained progress across all of its global markets in the first half of 2008. Due to a beneficial US Dollar/Euro exchange rate, the Pace France business, which was initially expected to be loss making for 2008, is now profitable and the board expects that the group’s out-turn for the year […]
Set-top box manufacturer Pace has maintained progress across all of its global markets in the first half of 2008. Due to a beneficial US Dollar/Euro exchange rate, the Pace France business, which was initially expected to be loss making for 2008, is now profitable and the board expects that the group’s out-turn for the year […]
In a surprise move News Corp has made a deal to become the minority shareholder in its conditional access subsidiary NDS. Two newcos backed by private equity house Permira will take the business private. The plan is the Permira newcos will own 51 per cent while News will keep 49 per cent. The deal has […]
Without or without merger XM and Sirius face a bleak future says Wall St. Goldman Sachs, citing a dramatic slowdown in subscriber growth, high debt costs, refinancing pressure and a shrinking trend in revenue per customer cut its XM price target to $6.50 from $11.50 and reduced Sirius to $1.75 from $2.25. After a rapid […]
From David Del Valle in Madrid The sale of Sogecable pay-TV division, Digital Plus, is also attracting interest from several private equity firms, such as Permira and Apax, with suggestions that Rupert Murdoch's News Corp, Mexican media mogul Carlos Slim and even Telefónica are potential bidders. Prisa has hired HSBC to handle the sale process. […]