SES has reported on its financial performance for the three months ended 30 September 2007. Revenue was E406.9 million. Operating profit was E175.9 million and Net profit was E138.8million Romain Bausch, President and CEO of SES, commented: “Despite the introduction of additional satellite capacity via the move of ASTRA 2C to 28.2 degrees East, the […]

Comcast earnings fell sharply in the third quarter in the context of a year-earlier gain related to its acquisition of cable systems from Adelphia Communications. Comcast’s net income fell 54 per cent to $560 million (E391m), compared with $1.22 billion, a year earlier. Most of the profit decline came from a year-earlier gain of $669 […]

Digiturk, Turkey’s largest digital television broadcaster, plans to raise as much as $550 million (E386m) in an IPO of 25 per cent of its business. The company is controlled by Istanbul conglomerate Cukurova and Providence Equity Partners. The pair are selling down their holding from 100 to 75 per cent. The Turkish media sector is […]

Eutelsat Communications said sales jumped 6.2 per cent to E211.9 million in its first quarter to September from E199.5 million a year earlier thanks to “the continuing good performance of our markets.” For the year to June 2008, Eutelsat reiterated targets of sales of E840-850 million and an EBITDA margin of more than 77.5 per […]

Google said net income in the third quarter surged 46 per cent compared with the period a year earlier. Sales rose 57 per cent, topping Wall Street's bullish forecasts. The results show that Google is growing roughly twice as fast as the overall online advertising market, which itself is booming, and that it is expanding […]

Mike McTighe, Chairman of Pace Micro Technology said “I am pleased to say that Pace is on track to meet the Board's recently revised expectations for the shortened 2007 financial year. As previously stated this strong performance is due to us exceeding margin improvement targets across the range of Pace's set-top box products following management […]

From Branislav Pekic in Rome Sky Italia is set to turn a profit for the first time since launch in Italy in 1991 under the brand Tele+. The results of parent News Corp reveal that profits were up from E32 million in H1 2006 to E164 million in the first six months of this year. […]

EchoStar Communications Corp shares rose 4 per cent on speculation that US telco giant AT&T could buy the satellite television provider within a year. Echostar’s television service would complement AT&T’s efforts to expand a high-speed fibre network it is building to sell TV services to better compete with cable and telecommunications rivals.

Pace Microtechnology put out a Market Update saying “Pace is continuing to perform well and the Board now expects that the outcome for the shortened 2007 year will be significantly ahead of its existing expectations. This primarily results from ongoing action to improve business efficiencies, which is delivering results ahead of our expectations across the […]

The Dolan's plan to take Cablevision private is on the brink as ClearBridge Advisors, the largest institutional shareholder in declares it plans to vote against the Dolan family’s $10.6 billion (E7.4bn) bid. A defeat would end a two-year struggle by the Dolans to take private the company, which owns cable systems and the New York […]