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Comcast Q2 income up 15%


Comcast Q2 income rose 15 per cent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated. High-speed Internet customers increased by 203,000 – the best Q2 net additions in six years, The largest cable provider in the US reported that net income rose to $1.99 billion. […]

Dish TV India adds 332,000 subs in Q1

Dish TV India added 332,000 net subscribers during the quarter ended June 30th 2014, giving a total subscriber base of 11.7 million net subscribers at the end of the period. Asia Pacific’s largest DTH broadcaster reported first quarter fiscal 2015 standalone subscription revenues and total operating revenues of Rs. 5,886 million and Rs. 6,407 million respectively. EBITDA for the quarter […]

BBC Worldwide: Strong performance despite currency challenges

BBC Worldwide – the commercial arm of the Corporation – has published its 2013/14 Annual Review, revealing a year of solid underlying growth, and increased returns to the BBC. Headline profit increased 0.7 per cent to £157.4 million (2012/13: £156.3m), and was up 11.6 per cent at constant currency. Headline profit margin increased from 14 per cent to 15.1 per […]

Pro7Sat.1 forecasts trimmed

Investment banker Berenberg has cut back on its expectations for German broadcasting giant Pro7Sat.1. In terms of the broadcaster’s share price the bank says its 12-month target is cut by €2 from €29.60 to €27.60. The reasons are the broadcaster’s “material underperformance” over the past year, although stressing that the bank’s view is some 5 percent below that of analysts’ […]

MTG delivers highest ever quarterly sales


Modern Times Group (MTG), the international entertainment broadcasting group, has reported Q2 operating income (EBIT) up to SEK 472 million (from SEK 465 million) when excluding non-recurring items of SEK -155 million and associated company income of SEK 117 million. Net sales up 13 per cent at constant FX and up 3 per cent on an organic basis. Pay-TV Nordic […]

Com Hem Q2 boosted by TiVo


Swedish cable television operator Com Hem has posted a 3.5 per cent rise in Q2 core profit and predicted mid-single digit sales growth in 2014. Com Hem said profit before interest, tax, depreciation, amortisation, writedowns, one-off costs and currency swings rose to 566 million crowns ($83 million) from 547 million a year ago, helped by consumer services sales growth and […]

Hungary ad tax to impact RTL profits

RTL Group, the European entertainment network, has conducted a first assessment of the financial impacts of the Advertisement Tax Act which was approved by the Hungarian parliament on June 11th 2014. The law as amended is expected to become effective in the course of August 2014 and to require first payments by RTL Hungary later in August. The new tax […]

blinkx shares collapse on warning


blinkx, the AIM-listed online video advertising company, saw shares drop 40 per cent after it warned that first-half earnings would be lower than forecast. In a statement, blinkx revealed that its performance over the past three months was worse than expected due to “industry-wide issues of efficiency and effectiveness”, exacerbated by “the lingering effects” of a disparaging blog about the […]

PeerTV reports sharp jump

PeerTV, the AIM listed provider of technology solutions for the OTT market and printed circuit board production sector, has announced sharply improved results for the 2013 trading year. Gross revenue rose by over 50 per cent to $3.01 million, up from $1.96 million in 2012. At the same time, management has successfully driven operating costs down from $2 million in […]

Multichoice enjoys record growth

Owner Naspers says that its Multichoice pay-TV operation saw “record” gains of 556,000 subs (y-o-y) to the end of March. Multichoice says that this takes its overall total to 7.3 million “spread over 48 countries on the African continent”. Revenues grew a healthy 18 per cent to 17.1 billion Rand, however increased investment in expanding DTT services in many of […]

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