John Malone-backed media conglomerate Liberty Global announced its Q1 revenues of $3.52 billion (€3.21bn), down 17.8 per cent (y-o-y). Its European-based Operating Income was also down 18 per cent (to $431 million). The results were blamed on a “soft start” to the year by CEO Mike Fries. “While most markets reported results consistent with our […]
London-based Avanti Communications suffered an all-time low price for its shares on May 5th, falling 8.5 per cent to 9.49p. One month ago the price was 12.56p, although this itself was massively down on its 96p price a year ago. Sellers of Avanti stock were being offered 9.25p for their shares. The collapse in Avanti’s […]
Media veteran Paul Welling has been tapped to lead Content in UK & EMEA for Scripps Networks Interactive. Welling joins the company effective immediately and is responsible for all programming and content functions that span linear, digital, and VoD/OTT services. Based in London, Welling reports to Phillip Luff, Managing Director, UK & EMEA, Scripps Networks […]
SpaceX’s President, Gwynne Shotwell, has denied that the rocket launch company is preparing for an Initial Public Offering (IPO). Reuters is reporting that she has firmly denied rumours of an IPO. SpaceX is backed by billionaire Elon Musk, and he is on record as saying he has no need to raise extra cash for the […]
One of the women accusing former Fox News star Bill O’Reilly of sexual harassment is meeting with Ofcom as they consider whether to approve the Fox acquisition of Sky. Wendy Walsh alleges that the TV host withdrew on a job offer after she she rebuffed an approach. The psychologist and radio host claims that after […]
Entertainment technology and audience insights specialist TiVo has reported financial results for the first quarter ended March 31st 2017. The Company reported first quarter revenue of $206 million (€187.7m), an increase of 74 per cent compared to $118 million in the first quarter of 2016. As expected, revenues were higher than in the comparable period […]
London-based Press TV, the Iranian-backed English-language TV channel, has been fined £200,000 in damages by a UK court and a Conservative Party MP, awarded overall damages and legal costs of £338,000. Ndhim Zahawi, born in Iraq and of Kurdish origin, and the MP for Stratford-on-Avon in the English Midlands, brought an action against Press TV […]
UK local TV licensee That’s Media Group has expressed interest in setting up a national TV channel on the Isle of Man. The announcement was made by Kent Walwin, Owner and Director of that’s Media Group, during the Celtic Media Festival at a panel – The Rock that Rocks – about building a new broadcast […]
Telenor Group has reported falls in both its Satellite Broadcasting and Canal Digital DTH operations during its Q1 trading. Telenor Satellite Broadcasting, the satellite facilities and capacity leasing business, had revenues of NOK227 million (€24.o6m), a fall of NOK10 million compared with Q1/2016 (NOK237 million). Satellite Broadcasting’s operating profit for the quarter year was NOK60 […]
Dee Forbes, Director General of Raidió Teilifís Éireann (RTÉ), the national public service broadcaster of the Republic of Ireland, has delivered a strong defence of public service broadcasting, in particular those broadcasters whose roles include safeguarding national tongues and identities. Delivering a Keynote Speech at the Celtic Media Festival in Douglas, the Isle of Man, […]