Advanced Television

Business

Ofcom will focus on pay-TV competition

Ofcom has released details of its 2009-10 annual plan, with emphasis on delivering spectrum through the digital dividend and promoting competition in pay-TV. Ofcom expects to make a decision on proposals to force Sky to offer some of its premium channels wholesale in spring 2009. The current consultation as a result of Ofcom's pay-TV review, […]

December 8, 2008

IAC’s Diller sees M&A opportunity in downturn

IAC/InteractiveCorp Chief Executive Barry Diller has told Reuters he expects his company will have up to $2.2 billion in cash by March 2009 and has no plans to use it for share buybacks, although he is keen for acquisitions. “My sense is that we wouldn’t be purchasers of our own stock and that’s because tomorrow […]

December 8, 2008

Viacom cuts 850 posts

Viacom has announced a major restructuring across its entire global business, which including MTV Networks and Paramount Pictures. It will cut jobs in all divisions of the company, which will result in the reduction of its workforce by approximately 850 posts or 7% of the staff. The company is also suspending senior level management salary […]

December 8, 2008

Time Warner CFO predicts woe

Time Warner Cable will likely sell fewer than expected video, Internet and phone subscriptions this year, and expects a further decline next year due to the worsening U.S. economy, Chief Financial Officer Rob Marcus said. “In 2008, we’re on track to deliver less than 2.5 million additional revenue-generating units,” Marcus told the Reuters Media Summit […]

December 3, 2008

UKTV hires Porritt

UKTV has hired Keith Porritt as executive director for commercial operations. Porritt, who will start his job in the new year, will have responsibility for managing UKTV’s relationships with programme suppliers, handle legal and business affairs and lead all commercial activity outside advertising sales. This will include handling the relationship with BBC Worldwide, the corporation’s […]

December 3, 2008

J:COM buys Taito

Jupiter Telecommunications (J:COM), the largest multiple system operator in Japan has acquired 97.9 per cent of the total outstanding shares in the Jyohoku New Media. As a result of the purchase, Taito Cable Television has now become a consolidated subsidiary of J:COM. J:Com said that it expected the deal to expand its reach in the […]

December 2, 2008

Comstar Q3 earnings up

Russian telco Comstar has reported a 22 per cent year-on-year increase in third-quarter core earnings, but has said it would cut capital expenditure due to the financial crisis. Comstar said its adjusted operating income before depreciation and amortisation reached $184.8 million, higher than the average forecast of $163.6 million. Its OIBDA margin increased to 43.8 […]

December 1, 2008

ONO losses subs and profit on quarter

From David Del Valle in Madrid Spain’s largest cable operator ONO lost 19,000 subs in the third quarter which the company blamed on the deteriorating economic environment and a lack of commercial activity during summer time. ONO ended the third quarter with 1,935,636 total subs, with telephony experiencing the sharpest decline losing more than 7,000 […]

November 27, 2008

TiVo profit from damages

TiVo reported a record profit for the third quarter ended October 31, of $100.6 million, but that was based mainly on the $105 million in damages the company received from satellite operator Dish Network and its set-top supplier EchoStar Corp. relating to patent litigation. Without the Dish/EchoStar damages award, the company would have posted a […]

November 27, 2008

BSkyB to appeal ITV ruling

BSkyB is to continue legal action in the fight to hold on to the 17.9 per cent stake it holds in rival broadcaster ITV. The UK Competition Appeal Tribunal last month upheld an original ruling by the Competition Commission that by holding the stake BSkyB had an adverse impact on the market. But Sky has […]

November 27, 2008