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BT falls but broadband up

BT saw profits before tax and after exceptional items fall 30 per cent to £447 million (E620m) in the last quarter of 2007. But the group reported strong growth in…

Cisco hits targets

Cisco matched second-quarter targets making $2.1 billion up from the year-ago $1.9 billion. Revenue rose 17 per cent from a year ago to $9.8 billion. Excluding certain costs, earnings rose…

ViaSat record revenues, profits

ViaSat reported quarterly and year-to-date revenues of $152.1 million and $427.2 million, respectively, for the third quarter. In addition, the satellite networking company said that pre-tax earnings were up 83…

Virgin Media chief discounts ITV bid

From Colin Mann in London Neil Berkett, acting CEO of UK 'quad-play' operator Virgin Media, has given a strong indication that it is unlikely to launch a renewed bid for…

Ergen for President

Charlie Ergen, chairman of the board and CEO of DISH, has assumed the role of president. Ergen succeeds Carl Vogel, who stepped down as president due to personal reasons, the…

ITV drags on Sky results

Despite a record for customer growth in the quarter to the end of December, BSkyB reported a loss of £36 million (E48m) against a profit of £356 million for the…

TW suffers AOL drag

Time Warner, the world’s largest media company by sales, posted improved quarterly earnings and revenue but forecast slower growth in 2008. Revenue rose 2 per cent to $12.6 billion, and…

China clarifies tighter online video laws

China’s State Administration of Radio, Film and Television (SARFT) has clarified details of its new regulations for Online Audio and Video Services which appeared to ban any private company activity…

Sky Italia up to $4.43m in profit turnaround

Branislav Pekic from Rome Sky Italia has closed the second quarter with an operative profit of $62 million, an increase of $74 million in comparison to the loss of $12…

Amazon backs Lovefilm

Amazon is to bow out of DVD rentals and throw its weight behind Lovefilm, the leading European specialist,. Amazon is to transfer its subscribers and inject some cash to Lovefilm…