Virgin has reported that total revenue for 2012 was up 2.7 per cent to £4.1 billion (€5.06bn), and up 1.6 per cent to £1,040 million for the quarter. Operating Cash Flow was up 4.0 per cent to £1.654 billion and net cash provided by operating activities was £1,040 billion for the year. The average number […]
Virgin Media has confirmed advanced takeover talks with John Malone’s Liberty Global as its London-listed shares surged 15 per cent. Virgin Media has an enterprise value of some $20 billion (although a market cap of $10.4 billion), the bid is thought to be worth around £12 billion. The company’s main listing is on the Nasdaq […]
John Malone’s Liberty Global is making a bid for Virgin Media and the press somehow manages to work it up as a Malone versus Murdoch showdown. The notion of two aged Titans facing off in one of the world’s most developed media markets is tantalising, but is far from the reality. The world’s most experienced […]
Even before Arris has completed its acquisition of the Motorola Home division of Google, the company rose to top the cable modem rankings to reach the No. 1 position, supplanting the previous leading supplier, Cisco. Following three strong quarters of growth, Arris rose from a 15 per cent market share in the fourth quarter of […]
Cable operator Ziggo has said it will increase its marketing drive and grow sales in 2013 after 2012 revenues increased by four per cent. It said it expected core profit to rise by 2.5 to 3.5 per cent in 2013, with revenues growing slightly ahead of this rate. Adjusted core profit for 2012 increased 5.5 […]
Kabel Deutschland has submitted a remedy package for the planned Tele Columbus acquisition to the German Federal Cartel Office. These remedies are intended to overcome the concerns of the FCO as expressed in the December 2012 statement of objection, especially regarding the housing association market for TV services. Kabel Deutschland remains convinced that consumers and […]
Time Warner Cable is launching a marketing campaign aimed at former subscribers. The company says it will spend at least $50 million on broadcast, print, online and direct mail ads for the campaign, which it is calling “The Better Guarantee.” The ads admit the cable service did not always live up to expectations in the […]
An appeals court has struck down a rule issued by the US telecommunications regulator to allow customers to watch cable and satellite TV on “plug and play” televisions, replacing set top boxes. Dish Network Corp objected to the rule because it included prescriptions on encrypting programming that prevented Dish and others from, for example, making […]
Liberty Global has announced that 9,497,637 ordinary shares and 3,000 warrants were tendered into the voluntary and conditional cash offer from its wholly-owned subsidiary Binan Investments on December 18th 2012 for the outstanding shares and other securities giving access to voting rights of Telenet it didn’t already own. Following acceptance of the tendered shares, Liberty […]
In the latest cable versus broadcaster argument over carriage fees, a dispute between Raycom Media and Cox Communications was seemingly resolved late on January 4th. Raycom operates a series of local stations including the important CBS affiliate in Tucson, Arizona and NBC affiliate in Lake Charles, Louisiana. Raycom’s 8 stations were taken down for 48 […]