Setanta Sports has raised an extra E130 million to finance its assault on BSkyB’s dominance of football coverage. The funding has come from a share issue to existing backers – including Doughty Hanson and Balderton Capital, the private equity firms, and Goldman Sachs – and will be used to bid for rights acquisitions such as […]

Ericsson, the Swedish telco supplier, lost another 11 per cent market value on Tuesday after it told an investors fourth-quarter earnings would come in at the lower end of expectations. It issued a shock profit warning last month. That warning wiped out a quarter of the Swedish company's market capitalisation – about $15 billion (E10.1) […]

From David Del Valle in Madrid Spain’s largest cable company ONO has declared a loss of E186 million in the first nine months of the year as a result of the extra costs for the acquisition of its former rival Auna. However it achieved well EBITDA of E480 million, up 17.8 per cent, and with […]

From David Del Valle in Madrid The Ministry of Industry and the Pro DTT Association, ImpulsaTDT, have signed an agreement to invest E6 million in the promotion of DTT to boost the DTT take-up during the Christmas campaign. Both parties will launch joint media campaigns and other marketing (sponsorship of conferences, events, fairs) to raise […]

EchoStar Communications Corporation reported total revenue of $2.79 billion for the quarter ended September 30, a 12.9 percent increase compared with $2.48 billion for the corresponding period in 2006. Net income totaled $200 million for the quarter compared with $140 million in 2006. DISH Network added approximately 110,000 net new subscribers during the third quarter […]

US operator Cablevision reported a wider net loss for the third quarter, but operating income rose 59 per cent as more cable TV customers signed up for high-speed Internet and digital phone services. Cablevision also trimmed its forecast for full-year growth in cash flow, from 10 per cent to 9 per cent, and said it […]

International cable group Liberty Global third-quarter profit fell from last year, when it recorded a gain on the sale of assets in France, Norway and Sweden. Liberty said it expects the fourth quarter to be the biggest quarter of the year in terms of subscriber growth, and that it expects to grow operating cash flow […]

BT met forecasts with a 3 per cent rise in second-quarter revenues on good growth in broadband and networked IT services and said it was confident in its growth prospects. The BT Retail unit accounted for 37 per cent of net DSL broadband additions during the quarter, giving it a broadband customer base of over […]

News Corp first-quarter profit fell 13 per cent from a year earlier, when the sale of investments boosted results by $428 million (E291m). Income dropped to $732 million from $843 million a year earlier. Sales rose 19 per cent to $7.07 billion. Chairman and CEO Rupert Murdoch highlighted the results at Fox Interactive Media, that […]

DirecTV’s third-quarter net income dropped 14 per cent as the company spent more to provide customers with high-definition channels and digital video recorders. The US's largest satellite-TV operator reported net income of $319 million (E217m), compared with $370.2 million a year earlier. Results in the year-ago quarter included a pretax gain of $61 million related […]