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 per cent for the quarter and 26 per cent year-to-date. Third quarter earnings reflect significant margin improvement in both government and commercial products,” said ViaSat […]
News Corps Fox network sold $250 million (E170m) in advertising revenue on the strength of the most-watched Super Bowl ever – a performance that chief executive Rupert Murdoch called “the biggest day in our company's history”. He was speaking as News Corp announced that its second quarter profits edged up 1.2 per cent to $832 […]
Six cable programmers filed suit against what they called the Federal Communications Commission’s new “dual-must-carry” rule, saying that the FCC doesn’t have the authority and that the rule violates their First Amendment rights. C-SPAN, Discovery, The Weather Channel, TV One, A&E Television Networks and Scripps Networks argued that the rule — which requires cable to […]
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 million registered in the same period last year. The positive result was mostly due to the increase of subscribers, with more than 400,000 new subscribers […]
The Ministry of Information & Broadcasting has accepted the recommendation of Telecom Regulatory Authority of India (Trai) to allow broadcasters to transmit their feeds via the IPTV platform. Under current regulations, broadcasters are allowed to provide TV signals only via cable or DTH. IPTV allows the delivery of TV programmes using an IP over broadband […]
Serafina Holdings, an entity formed by BC Partners, Silver Lake and other equity investors, has closed its acquisition of commercial satellite operator Intelsat. Through the transaction, the equity of Intelsat Holdings was valued at about $5 billion. As part of the deal, funds associated with Apax Partners Worldwide, Apollo Management, Madison Dearborn Partners and Permira […]
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 Babelgum. In his previous role, Cranwell was responsible for negotiating broadband video-on-demand deals.
China’s State Administration of Radio, Film and Television (SARFT) has clarified details of its new regulations for Online Audio and Video Services which appeared to ban any private company activity from the sector. It now says some existing private online video firms will, under a 'grandfather clause,' be eligible to continue operations. More specifically, those […]
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 is a former programme director of BSkyB and CEO of Channel 5.
Amazon is to bow out of DVD rentals and throw its weight behind Lovefilm, the leading European specialist,. Amazon is to transfer its subscribers and inject some cash to Lovefilm in exchange for a stake believed to be about 30 per cent of the company and valued at about £60 million (E80m) to £70 million. […]