Category archives for: Business

€6.3bn Sky Europe offer

It has probably been the worst-kept stock exchange secret for some time, but the long-awaited formal news of BSkyB’s planned acquisition of Sky Deutschland and Sky Italia broke at 7am London time on July 25, and the details are now clear. The headlines are that the end results will create a 20 million subs pay-TV outfit. “The total consideration for […]

DNI record year

Discovery Networks International announced its biggest ever quarter. With record viewing levels and online growth internationally, DNI reached an enormous 621 million viewers around the world (+3 per cent YOY). DNI continues to enjoy exponential growth in its 25th year – charting its highest ever average audience (+9 per cent YOY) and delivering its highest ever digital audience for its […]

Time Warner fends off Murdoch

Time Warner doesn’t think Rupert Murdoch’s boost to his finances from selling Fox holdings in Sky Italy and Germany will be anywhere near enough to win a bid for TW. In rejecting an $85-per-share takeover bid by Murdoch’s 21st Century Fox Inc. last week, Time Warner said its own growth plan “is superior to any proposal that 21st Century Fox […]

Altice raises Numericable stake to 74.6%

Investment fund Altice has announced that its wholly-owned subsidiary, Altice France is acquiring a 34.6 per cent stake in French cable telco Numericable Group from Carlyle Cable Investments and CCI (F3) S.à r.l (Cinven), as previously announced on April 7, 2014. A first portion, representing approximately 20.6 per cent of Numericable shares out of the 34.6 per cent purchased, will […]

BSkyB ‘must pay more’ for Sky Deutschland

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The minority shareholders in Sky Deutschland are looking for a significant premium for their stock from BSkyB. BSkyB is looking to acquire all of Sky Deutschland (as well as 100 per cent of Sky Italia) and there are numerous reports that a formal acquisition bid is only days away. Financial analysts have suggested that BSkyB’s final bill for the German […]

Netflix on international charge

Analysis of Netflix subscriber data by pay-TV analysis firm Digital TV Research backs up comments made by CEO Reed Hastings on Netflix’s Q2 Earnings Call that there is a growing demand for control and for the consumer be able to click and watch what they want, resulting in a stepping-up on international expansion. While Netflix has some 35,085,000 US subscribers, […]

King Content, King Rupert?

Exactly three years ago, Rupert Murdoch was wiping custard pie from his shirt as his now ex-wife struck out at his assailant in the House of Commons Media Committee room. Even before the pie, Murdoch had confessed it was the ‘humblest day’ of his life. The foam wiped away more easily than the inevitable impression this was a man whose […]

Mixed fortunes for Spain broadcasters

Spain’s two leading TV groups Mediaset and Atresmedia had mixed results for the first half of the year with ad revenues recovering. Mediaset’s net profits were down nearly 29 per cent to €21.4 million over the same period last year. However, Atresmedia’s profits grew by 30 per cent to €37.7 million. Mediaset’s ad revenues increased to 6.2 per cent to […]

LG Q2 up 165%

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LG Electronics has revealed a 165 per cent increase in Q2 net profit compared with the same period last year, reflecting strong earnings from both the TV and mobile operations. LG reported Q2 2014 net profit of KRW 412 billion ($399.8 million) and operating profit of KRW 606 billion, an increase of 26.5 per cent year-over-year. Unaudited Q2 consolidated revenues […]

Facebook ad revenue up 67%

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Facebook has reported financial results for the quarter ended June 30th 2014. Revenue for the second quarter of 2014 totaled $2.91 billion, an increase of 61 per cent, compared with $1.81 billion in the second quarter of 2013. Excluding the impact of year-over-year changes in foreign exchange rates, revenue would have increased by 59 per cent. Revenue from advertising was […]

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