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BT profit slump

Revenue rose 3 per cent to £5.18 billion, from £5.03 billion with growth driven by major corporate customers. Ian Livingston, chief executive of BT attempted to reassure the market, saying…

DTG re-appoints Lindsay-Davies as Director General

MTG acquires Nova TV

Nova Televisia Bulgaria was established in 1994 and owns 100 per cent of Nova, the second most watched TV channel in Bulga…

Nokia ups venture fund

“The investment allows us to act on a global basis,” said John Gardner, partner at Nokia Growth Partners, adding the firm aims to invest into 8 to 10 new firms…

Comcast up, subs down

Comcast added 320,000 digital-cable subscribers that now account for 67 per cent of its total, meaning 16.3 million video subscribers take its digital service. Seven million, or 43 per cent…

Viacom profits up, ad sales weak

“Advertisers in a few categories, such as retail, automotive, and certain consumer goods, pulled back their on-air spending as they adjusted their own operating plans and product launches,” Viacom Chief…

Record quarters for CME

Net revenues for the six months ended June 30, 2008 increased 45 per cent to $528.9 million, compared to the first half of 2007. Operating income for the first half…

Sirius discounts shares to pay for XM

Sirius plans to issue about 262 million shares, with about 184 million offered at a fixed price of $1.50 per share, compared with Monday’s closing price of $1.88 a share.…

Alcatel-Lucent founders step down

The Paris-based company said its net loss for the quarter ended June 30 was E1.1 billion, compared with E586 million a year earlier.…

Sony profit sinks