Home » Archives by category » Business (Page 1038)

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…

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…

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…

Intelsat complete buy

Serafina Holdings, an entity formed by BC Partners, Silver Lake and other equity investors, has closed its acquisition of commercial satellite operator Intelsat. Through the transaction, the equity of Intelsat…

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…

Bablegum appoints content chief

Babelgum, has appointed BT Vision’s director of business affairs Mark Cranwell its first director of content strategy. Cranwell will report to Simon Kenny, head of content strategy and advertising at…

Elstein steps down from Virgin

David Elstein, an independent director of Virgin Media, has resigned from the company’s Board. Elstein has been a Director of first ntl and then Virgin Media since January 2003, he…

Google troubled by Microsoft move

Google has said it finds Microsoft’s $44.6 billion bid to buy rival Yahoo “troubling” and wants regulators to scrutinise the proposed deal. Google said the tie-up could unfairly limit the…

ITV shares rise on takeover report

Shares in UK commercial broadcaster ITV rose as much as 4.6 per cent in London trading after weekend media reports that private equity firms were consider a takeover bid. ITV…