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Teleste buys Ortikon

Teleste has acquired the Finnish software and video service solution provider Ortikon Interactive Ltd. Founded in 2000 Ortikon develops complete integrated software solutions designed for video business. The company supplies…

BBC in private equity talks

BBC World, the commercial arm of the BBC, has confirmed it is in talks with private equity groups to raise funds for possible acquisitions. The Times suggested it wanted to…

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…

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…

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…

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…