Time Warner will receive a higher than expected $9.25 billion dividend from the spin-off of Time Warner Cable and has confirmed plans for a “complete legal and structural separation” of the two companies. Jeff Bewkes' biggest strategic step since becoming Time Warner chief executive in January would help each company's management focus on realising the […]

Time Warner will receive a higher than expected $9.25 billion dividend from the spin-off of Time Warner Cable and has confirmed plans for a “complete legal and structural separation” of the two companies. Jeff Bewkes' biggest strategic step since becoming Time Warner chief executive in January would help each company's management focus on realising the […]

Belgium’s dominant telecom operator Belgacom has reported a worse than expected 3 per cent drop in first-quarter sales, but reiterated its financial targets for the whole of 2008. Belgacom’s first-quarter sales fell to E1.469 billion from E1.515 billion euros a year earlier. Belgacom said that price cuts imposed by European and local regulators were the […]

Chinese conditional access (CA) systems provider China Digital TV Holding has announced its unaudited financial results for Q1 2008, with net revenues reaching $17.4 million, up 65.7 per cent year-on-year but down. Net income for the quarter came to $11.4 million, up 84.1 per cent year on year but down 11.5per cent quarter on quarter. […]

From David Del Valle in Madrid Spain’s largest cable company ONO reported a profit of E8 million for the quarter against a E13 million loss for the same period last year. EBITDA amounted to E164 million, up 10.6 per cent, with total revenues reaching E400 million, 75 per cent of them from the residential business. […]

Video search engine blinkx posted a net loss of $3.2 million for the six months to end-March on revenues of $3.6 million, but said it is ahead of plan in its move towards profitability. blinkx said content hours have more than tripled since its IPO in May 2007 to 26 million from 7 million, and […]

Eutelsat, the world’s third-largest satellite operator, reported an 8.9 per cent rise in third-quarter and raised its full-year guidance. Sales rose to E223.9 million euros ($346.2 million), compared with an average forecast for turnover of E217 million. Eutelsat said it had decided to raise its full-year sales target. It was now aiming for sales of […]

Intelsat reported for the three-month period ended March 31, 2008 with revenue of $572.7 million and a net loss of $412.7 million which included $313.1 million in restructuring and transaction costs incurred in connection with the February 4, 2008 acquisition of all of the equity ownership of its parent, Intelsat Holdings Ltd., by Intelsat Global, […]

Pan European broadcaster RTL, owner of Channel Five, has admitted that the TV advertising market in the UK has been tough in the first quarter of 2008, as it reported an overall drop in underlying revenue of 2.9 per cent to E1.323billion. RTL said that its German broadcasting business had performed well, while the UK […]

Viacom's quarterly net profit rose 33 per cent, beating Wall Street forecasts, on strong sales of the 'Rock Band' video game and higher advertising revenue at MTV Networks. The company said it has seen no slowdown yet in US advertising, temporarily addressing concerns that the credit crisis will lead to an advertising recession. First-quarter profit […]