Category archives for: Business

Comcast Chief: “2014 a great year financially”

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Comcast has reported results for the quarter and year ended December 31st 2014. Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “2014 was a great year financially, operationally, and strategically for Comcast NBCUniversal. We continued to execute incredibly well as we accelerated our innovation, launched new products, and brought amazing films, shows and theme park attractions […]

DISH sheds 63,000 pay-TV subs in Q4

US satellite TV provider DISH Network has reported a rise in its earnings for the fourth quarter. Net income attributable to the company came in at $409.9 million up from $288 million in the same period a year ago. DISH Network revenue climbed 4 per cent to $3.68 billion. For the full year, the company activated around 2.601 million gross […]

Murdoch denies Discovery merger talks

21st Century Fox has denied as “categorically untrue” a story that appeared in the Australian Financial Review saying that senior executives from 21st Century Fox and Discovery Communications had met to discuss a tie-up that could create a $100 billion movie, entertainment and sports giant. Rupert Murdoch of Fox and John Malone, a major shareholder in Discovery (and a director) […]

SES explains 4K expectations

Last week’s post-results analyst’s teleconference revealed a few important points about satellite operator SES and what it expects to happen in terms of 4K broadcasting this year and next. SES CEO Karin Michel Sabbagh told analysts that they were in ongoing conversations as regards their client’s expectations regarding 4K/UHD transmissions, and not least in terms of the audience size for […]

OSN “on course for revenue increases”

OSN’s majority owner Kuwaiti financial conglomerate KIPCO reported its end-of-year numbers on February 21st, and saying that KIPCO had seen operating profits rise 26 per cent during 2014 from $451 million to $567 million. Faisal Al Ayyar, KIPCO’s vice-chair said it was KIPCO’s 23 successive year of reporting profits. KIPCO owns 60.5 per cent of Panther Media Group, a joint […]

Telecom Italia to buy out media unit

Telecom Italia will incorporate its Telecom Italia Media unit (in which it has 78 per cent) after a buyout offer in shares which should be completed by the end of September. The boards of the two companies approved a plan that will see Telecom Italia offering 0.66 ordinary shares for each TI Media ordinary share and 0.47 of its saving […]

Cisco’s Chambers: ‘No lover of STBs’

John Chambers, CEO of Cisco Systems, speaks during a news conference at at the 2010 International Consumer Electronics Show (CES) in Las Vegas

John Chambers, Chairman and CEO of Cisco Systems, has suggested that over time, the company will be an “aggressive” buyer of software companies, particularly in areas such as cloud services and security, but has ruled out selling its set-top box business. In August 2013, Chambers suggested that the company’s set-top box business had adversely affected its profitability and that transitioning […]

SES exceeds target numbers

Satellite operator SES turned in better than expected numbers for its 2014 trading year, with revenues up 4 per cent (at constant foreign exchange rates) at €1.91 billion, and profits up 6 per cent at €600 million. Transponder utilisation during Q4 was up 1.3 per cent at 81.1 per cent. Net profit for the year rose €35 million to €603.4 […]

DirecTV feels LatAm squeeze

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DirecTV reported fourth quarter 2014 revenues increased 4 per cent to $8.92 billion and operating profit decreased to $1.26 billion compared to last year’s fourth quarter. “Our fourth quarter results, although marked by challenging macroeconomic conditions in Latin America and a conscious decision to reinvest in our US business, capped off another strong year of operations for DirecTV. In Latin […]

Arris ‘headwinds and Horizon’

Arris expects earnings in the first quarter of 2015 to come in below Wall Street as as M&A activity involving some of its top Comcast, Time Warner Cable, DirecTV and AT&T means caution on spending. Also telco clients are using their cash for spectrum auctions. The company updated that Q4 revenues were $1.26 billion, up from $1.19 billion in the […]

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