Avail Media, provider of IPTV and advanced media services to broadband operators, has closed the final tranche of a $25 million Series B equity round. First time investor Valhalla Partners joined Columbia Capital, Novak Biddle Venture Partners, and Pioneer Ventures in the round. The financing, along with $5 million in debt financing from a strategic […]

Digital video recorder maker TiVo has reported a narrower quarterly loss as its revenue and subscriptions increased, and it issued a forecast that was more optimistic than estimates. The net loss was $8.24 million, for its fiscal third quarter compared with a loss of $11.1 million, a year earlier. Revenue rose to $75.5 million from […]

Spotzer Media Group, provider of multi-media video advertising campaigns, announced the closing of a E10 million financing led by Sierra Ventures of Menlo Park, California. European Directories, operator of leading yellow page publishers in nine countries, also invested. Spotzer will primarily use the new capital to extend its innovative rich media advertising services into the […]

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 […]