Chris Forrester is one of the most experienced and highly regarded journalists in the field. His insight and analysis, particularly in the satellite and pay-TV arena, is highly prized. He has written for all the major business journals in the sector as well as several national newspapers.
Viacom has been making near-daily headline news for the wrong reasons with many in the company and entertainment industry generally being focused on a sordid series of legal claims and counter-claims over the state of health of Viacom’s increasingly frail founder Sumner Redstone. Last week it was revealed that Viacom’s CEO Philippe Dauman had been […]
SES CEO, Karim Michel Sabbagh, has complained that the market doesn’t appreciate the quite dramatic changes that the satellite industry is going through. The past week or so has seen significant market value reverses for the share prices of SES, Eutelsat in particular, and Inmarsat. He explained that the traditional market view of the industry, […]
SES was also badly affected by last week’s market anxieties over Eutelsat. While Eutelsat’s share price crashed some 30 per cent, SES was also impacted by the general depression revolving around satellite’s future prospects, and in particular the risk of over-capacity. SES’s CEO Karim Michel Sabbagh, in an interview with the Wall Street Journal, stressed […]
When a business has received a brutal beating and a very bloody nose from a dismayed stock market there’s not much that can be done other than to get back on one’s feet and start fighting back. The bloody nose was given to satellite operator Eutelsat last week when the company issued a profit warning, […]
Equity analysts from some of the London investment banks recently sat down with Sky’s senior management and some interesting views emerged, not least with the prospects from the upcoming auctions for Sky’s German football rights. One report, from Exane/BNP-Paribas, said that Sky’s staffers argued that a combination of upselling a wider portfolio of products (broadband, […]
Last week Eutelsat issued a major profit warning to the market and its share price fell 30 per cent. The news provoked major falls for Luxembourg-based SES (8.08 per cent), USD-based Intelsat (9.66 per cent), and similar tumbles for London-based Inmarsat (4.22 per cent) and AsiaSat. The fear of ‘cord-cutting’ and a reversal of demand […]
Eutelsat shares crashed 30.7 per cent on the Paris bourse following their profits warning. Eutelsat’s fall from grace was not helped by a slew of negative comments from equity analysts. Typical was Barclays, which said: “Such a heavy hit to forecasts, coming from across the applications, will knock confidence in the story,” which downgraded Eutelsat […]
London-based speciality satellite operator Avanti Communications received a very useful $29 million (€25.4m) contract for backhaul connectivity from cellular operator EE on May 9th. Avanti’s shares rose 10 per cent in early trading on May 9th (to 101p), but finished the day at 93p after profit taking. The $29 million contract is a “multiyear” deal […]
Inmarsat’s share price crashed 12 per cent last week as investors exited the business. On May 6th its share price tumbled 50p to its lowest price of the year, and the biggest faller on the London FTSE market. Its price closed at 812.5p. The falls come following a disappointing set of quarterly results for the […]
TIME magazine has just unveiled its list of the Top 50 ‘Most Influential Gadgets’ of all time, and Sony’s venerable Trinitron television sets come out as No 2 in the list. Apple’s iPhone is No. 1. But the high position of Sony’s much-loved Trinitron range does make one wonder why they abandoned the name and […]
WBD warms to Paramount offer
Eutelsat seeks €1.5bn refinancing
Survey: Sports viewing shifts to multi-format future
Research: Consumers losing hundreds to illegal streaming fraud
Kantar Media rebrands as Fifty5Blue
AudioUK appoints Baughen as CEO
Gracenote metadata to power Samsung content search
Report: Copper switch-off progresses unevenly across Europe
Starlink wraps Gen-1 DTC
Panasonic partners with Skyworth