DirecTV’s third-quarter net income dropped 14 per cent as the company spent more to provide customers with high-definition channels and digital video recorders. The US's largest satellite-TV operator reported net income of $319 million (E217m), compared with $370.2 million a year earlier. Results in the year-ago quarter included a pretax gain of $61 million related […]
Modern Times Group has announced a number of new senior management appointments and the reorganization of its Central Eastern European operations. Manfred Aronsson has been appointed as CEO of MTG Sweden and Anders Nilsson as Co-Chief Operating Officer of MTG. Ulrik Bengtsson has been appointed as CEO of Pay-TV Emerging Markets, and Laurence Miall-d’Aout as […]
Time Warner reported a 9 per cent rise in third-quarter revenue of $11.767 billion, however net income was down to $1.1 billion from $2.3 billion 12 months earlier due to discontinued operations and one-off items. The group’s main revenue driver, Time Warner Cable, posted a 25 per cent increase in revenue to $4 billion, with […]
Deutsche Telekom has concluded an agreement with the French TDF group on the sale of T-Systems Media&Broadcast. The transaction has an enterprise value of E0.85 billion. The sale of Media&Broadcast is part of the 'Focus, fix and grow' strategy presented to the public by the Deutsche Telekom in March.
TiVo is reported as offering a new service giving advertisers detailed profiles of its users. TiVo – which sells advertisers second-by-second ratings of programs and commercials based on subscriber viewing habits – plans to announce that it will soon add demographic data about the viewers themselves the WSJ reported. The information includes age, income, marital […]
Pace Micro Technology, independent developer of digital TV technologies for the global pay TV industry, has selected PartnerTech, one of Europe's leading contract manufacturing companies, to provide a fast-turnaround new product introduction (NPI) and prototyping service covering its range of digital set-top boxes. The business will be fulfilled from PartnerTech's UK facilities in Poole and […]
From David del Valle in Madrid Orange Spain, controlled by France Telecom, is launching the first HDTV broadcasts via mobile in Spain. The trial will last three months and will include three TV channels – MTV, National Geographic Channel and Sci Fi and some other sports content (football, tennis and basketball) – to be received […]
US telco AT&T has declared it will need to spend more money deploying its IPTV service U-verse to reach less than the estimated number of households it predicted by the end of next year. The company said it is increasing the total capital-expenditure estimate for the period including 2007 and 2008 to $4.5 billion-$5 billion. […]
The leading Romanian cable television company and Turkey's DTH operator have dropped plans to list on the London Stock Exchange, becoming the latest big casualties of the credit squeeze. RCS & RDS, the Romanian media and telecommunications group, blamed “current market conditions”, while Digiturk of Turkey said it preferred to invest in its own business […]
Andrew Corporation is to sell its satellite communications business to Resilience Capital Partners. The private equity firm has agreed to pay upwards of $39 million in total potential cash, in addition to an ownership stake in the new satellite company that Resilience will establish with the acquired Andrew assets.