BSkyB has answered recent downbeat analysis with a better than expected 25 per cent increase in first quarter profits and the addition of 87,000 new customers, which takes the broadcaster past the nine million mark for the first time. Chief executive, Jeremy Darroch, said the business, which now has 9.067 million subscribers, had its best […]

Shares in BT have plunged by 25 per cent to their lowest-ever level after it shocked the City with a profits warning. Shares sank below the price they floated at in 1984 after the telco admitted in an unscheduled trading update that earnings at its Global Services arm will be much lower than expected. The […]

Jupiter Telecommunications (J:COM) announced that the total subscribing households as of September 30th, 2008 served by J:COM's 18 consolidated franchises reached 2.90 million, up 288,000, or 11 per cent since September 30th, 2007. Combined revenue generating units for cable television, high-speed Internet access and telephony services reached approximately 5.21 million, up 604,600 or 13.1 per […]

TV made a big contribution to Telenor's third quarter revenues, driven by an increase of 21,000 cable TV internet subscriptions, and price increases to Canal Digital's cable and DTH subscriptions. The price rises followed the decision to drop the separate HD tier, instead including the channels as part of the regular tiers. Canal Digital Group […]

The “utility-like” nature of subscription services offered by companies in the cable and satellite TV sector will help them prove resilient in a weakening economy, making them a relatively safe haven for investors, according to Credit Suisse. The bank sees substantial upside potential for these companies on a multiyear basis as the economic backdrop improves, […]

The second largest US telecoms group reported a 31 per cent increase in third-quarter profits fueled by continued growth in its Verizon Wireless joint venture with Vodafone. Net income increased to $1.67bn. The mobile unit offset accelerating residential phone line and DSL line losses. Revenues grew by 4.1 percent to $24.8 bn. Verizon is spending […]

The satellite operator said EBITDA for the nine month period was little changed with net profit at E338.8m against E347m last time. Chief Executive Romain Bausch was upbeat about SES’s prospects despite the gloomy economic outlook. “We are in a business which is described as an infrastrucure business with no exposure to consumers,” he told […]

Collins Stewart, the broker that forecast doom and gloom for BSkyB last week, was busy again recommending Liberty Entertainment with a buy rating saying the next three to nine months will be “pivotal” for the company and its stake in DIRECTV. The nod from the analyst came as Liberty Media continues to position Liberty Entertainment […]

CA technology company NDS has reported a drop in revenue and net profit for its fiscal first quarter. Revenue for the quarter fell 11 per cent to $182.2 million, from $204.8 million in the corresponding quarter. Revenue from conditional access fell 19 per cent, and revenue from integration, development and support services increased by 4 […]

Viacom cut its full-year profit forecast on Friday as the softening economy has clouded its ability to make accurate advertising projections. CBS also expects full year profit to fall in the mid-teens range and it will write down the value of its licenses by $14bn. Later, National Amusements, an entity that controls executive chairman Sumner […]