Cairo-based satellite operator Nilesat has seen profits squeezed over the first six months of this year. For the period January 1st – June 30th, its net profit was $36.7 million, down 30.7 per cent on the same period last year which saw net profits of $40.05 million. The company said in a statement to the […]
HomeGrid Forum has announced that Dr. Leonard Dauphinee has taken over from Donna Yasay as the Forum’s President. As Vice President and Chief Technology Officer of the Broadband Group at MaxLinear, a promoter member of the Forum, Dauphinee is responsible for the technology roadmap of its Broadband business. In his CTO role, he owns the […]
A meeting of the DVB Steering Board has approved the new specification for DVB TTML subtitling systems. The specification enables the delivery of next generation subtitles in transport streams for broadcast television services, based on W3C Timed Text Markup Language (TTML). The new specification complements the bitmap based subtitle solutions, which have been in use […]
News Corp posted a $817 million (€692m) year loss on the back of big falls in the value of newspapers in the UK and Australia and write offs on Australian pay-TV platform Foxtel. Revenue was $8.14 billion, down 2 per cent from $8.29 billion last year, on falling print advertising revenue and foreign currency fluctuations, the […]
Viacom International Media Networks Italia has ended the year to September 2016 with a profit of €2.4 million. Revenues in the same period grew to €52.8 million, according to the recently approved financial report, whose results were published by business daily ItaliaOggi. The highest contribution came from Nickelodeon (€13.7 million), followed by MTV (€12.7 million) […]
Altice is scoping a bid for number two US cable operator Charter Communications, according to reports. CNBC claims Altice is working with banks to finance a cash and shares offer. Altice would reportedly seek to finance a large part of the deal with debt, but it is by no means certain Liberty Media, which owns […]
David Williams, the much-criticised CEO of London-based satellite operator Avanti Communications, is stepping down. The company say that Alan Harper, a board director, has moved into the position while a “comprehensive search” for a successor to Williams is sourced. Williams leaves immediately. Paul Walsh, Avanti’s chairman, in a very brief statement to the London Stock […]
21st Century Fox reported lower fourth-quarter profits despite gains at its cable programming operations. Net income fell 16 per cent to $476 million (€406m), down from $567 million. Revenues rose 2 per cent to $6.75 billion in the quarter. Operating income increased 19 per cent to $1.44 billion at the company’s cable network programming unit. […]
According to reports, James Murdoch says he is confident that the 21st Century Fox bid to acquire the assets of Sky that it does not already own will be approved, but more likely early next year than in 2017. UK’s Culture Secretary Karen Bradley said she was “minded” to refer the almost deal to the […]
Multinational cable, fibre, telecommunications, content and media company Altice has entered into several agreements relating to the acquisition of its telco subsidiary SFR Group shares through exchanges against Altice N.V. common shares A. These agreements ensure the holding by the Altice group of 95.9 per cent of the share capital and voting rights of SFR […]