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. […]
From David del Valle in Madrid The Spanish media group Prisa, owner of the newspaper El PaÃs, is taking full control of the TV company Sogecable, owner of Digital Plus, Canal Plus and Cuatro, by acquiring the remainder 2.29 per ceny shares to reach 100 per cent for E75.5 million. The move paves the way […]
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. […]
German cableco Unitymedia posted EBITDA in the first quarter of 2008 of E94.3 million up from E81.6 million in 2007. The company said it had enjoyed its strongest quarter for digital pay-TV take-up for two years with 29,000 new subscribers, giving it a total of 485,000. During the quarter there were 65,000 net additions to […]
German cableco Unitymedia posted EBITDA in the first quarter of 2008 of E94.3 million up from E81.6 million in 2007. The company said it had enjoyed its strongest quarter for digital pay-TV take-up for two years with 29,000 new subscribers, giving it a total of 485,000. During the quarter there were 65,000 net additions to […]
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 […]
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 […]