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Spain’s Telefonica breaks subs record

Telefonica is on track to reach its target of 1.5 million pay-TV subs in 2014. The company reached 1.4 million subscribers to its pay-TV service Movistar TV at the end of July, after signing up 200,000 clients in a single month. The company has doubled the number of subscribers in a year thanks to its […]

August 4, 2014From David Del Valle in Madrid

Intelsat’s backlog up, revenues down

Intelsat declared its Q2 revenues and numbers early on August 4th, saying its all-important backlog of contracts in hand had grown by some $200 million to $10.3 billion during the three months to June 30th. However, revenues for the quarter-year totalled $615.7 million ($653.8m) fell back from the same period last year, and many of […]

August 4, 2014By Chris Forrester

TW Cable mixed quarter

Time Warner Cable reported in a mixed second quarter with basic video subscriber and high-speed data customer additions beating year-over-year marks, but missing analysts’ consensus estimates. TWC lost 147,000 basic video customers in the quarter, a 22 per cent improvement over the same period last year, but far short of analysts’ consensus estimates of a […]

August 1, 2014

Strong Q2 for ProSiebenSat.1

German media group ProSiebenSat.1 Group has reported a net profit of €108.1 million in Q2 2014, 3.6 per cent higher than the year-ago period, on revenues that rose 10.6 per cent to €691.1 million. “We increased our revenues dynamically in all key areas in the second quarter and thus continued to grow profitably,” said Thomas […]

August 1, 2014

BT TV growth slows

BT has reported strong demand for fibre broadband lines in Q1, but growth in its pay-TV business has slowed. Group revenues were down 2 per cent on last year to £4.4 billion (€5.5bn), with only the consumer division posting growth. Adjusted pre-tax profits were up 7 per cent to £638 million. BT TV added just […]

July 31, 2014

Sony makes shock profit

Sony Corp has reported an eight-fold increase in its quarterly profits, helped by the sales of Playstation 4 consoles, and the disposal of properties as well as the sale of Square Enix, a video games developer. Sony said that profit for the April-June period, and its Q1, rose to Yen 26.8 billion ($261 million) from […]

July 31, 2014By Chris Forrester

Discovery Q2 up 10%

Discovery Communications has published its financial results for the second quarter ended June 30th 2014. David Zaslav, Discovery’s President and Chief Executive Officer, said, “The operating strength across Discovery’s organic businesses, along with increased contributions from strategic acquisitions, led to sustained financial momentum during the second quarter.  Our persistent focus on building a broad and […]

July 31, 2014

DirecTV Q2 up 5%

DirecTV, the US satellite TV provider, has reported that Q2 2014 revenues increased 5 per cent to $8.11 billion (€6bn) , reported operating profit before depreciation and amortisation (OPBDA) increased 3 per cent to $2.15 billion, reported operating profit increased 5 per cent to $1.42 billion and reported diluted earnings per share increased 35 per […]

July 31, 2014

ITV boosted by online, denies Liberty bid

Total revenues at ITV are up 7 per cent to £1.225 billion (€1.45bn). Online, Pay & Interactive revenues were up 20 per cent to £67 million whilst total ITV Studios revenues rose 2 per cent to £402 million. ITV said it delivered a ‘good’ performance in the first half of the year with revenue growth […]

July 30, 2014

Sirius-XM continues to grow

US pay-radio operators Sirius-XM saw its Q2 paid-for subscribers grow 5 per cent y-o-y to 26.3 million. And the prospects look good helped by 7.3 million potential subs enjoying a free trial. In cash terms this translated to EBITDA growth for Q2 reaching a record $370 million, up an impressive 31 percent on the same […]

July 30, 2014By Chris Forrester