Advanced Television

Business

ViaSat record revenues, profits

ViaSat reported quarterly and year-to-date revenues of $152.1 million and $427.2 million, respectively, for the third quarter. In addition, the satellite networking company said that pre-tax earnings were up 83 per cent for the quarter and 26 per cent year-to-date. Third quarter earnings reflect significant margin improvement in both government and commercial products,” said ViaSat […]

February 7, 2008

Ergen for President

Charlie Ergen, chairman of the board and CEO of DISH, has assumed the role of president. Ergen succeeds Carl Vogel, who stepped down as president due to personal reasons, the company said. Vogel will remain vice chairman of DISH Network and EchoStar, reporting to Ergen. Vogel continues to lead the corporate development, programming and business […]

February 7, 2008

Elstein steps down from Virgin

David Elstein, an independent director of Virgin Media, has resigned from the company’s Board. Elstein has been a Director of first ntl and then Virgin Media since January 2003, he is a former programme director of BSkyB and CEO of Channel 5.

February 6, 2008

Amazon backs Lovefilm

Amazon is to bow out of DVD rentals and throw its weight behind Lovefilm, the leading European specialist,. Amazon is to transfer its subscribers and inject some cash to Lovefilm in exchange for a stake believed to be about 30 per cent of the company and valued at about £60 million (E80m) to £70 million. […]

February 6, 2008

Intelsat complete buy

Serafina Holdings, an entity formed by BC Partners, Silver Lake and other equity investors, has closed its acquisition of commercial satellite operator Intelsat. Through the transaction, the equity of Intelsat Holdings was valued at about $5 billion. As part of the deal, funds associated with Apax Partners Worldwide, Apollo Management, Madison Dearborn Partners and Permira […]

February 6, 2008

Sky Italia up to $4.43m in profit turnaround

Branislav Pekic from Rome Sky Italia has closed the second quarter with an operative profit of $62 million, an increase of $74 million in comparison to the loss of $12 million registered in the same period last year. The positive result was mostly due to the increase of subscribers, with more than 400,000 new subscribers […]

February 6, 2008

China clarifies tighter online video laws

China’s State Administration of Radio, Film and Television (SARFT) has clarified details of its new regulations for Online Audio and Video Services which appeared to ban any private company activity from the sector. It now says some existing private online video firms will, under a 'grandfather clause,' be eligible to continue operations. More specifically, those […]

February 6, 2008

Bablegum appoints content chief

Babelgum, has appointed BT Vision’s director of business affairs Mark Cranwell its first director of content strategy. Cranwell will report to Simon Kenny, head of content strategy and advertising at Babelgum. In his previous role, Cranwell was responsible for negotiating broadband video-on-demand deals.

February 6, 2008

Google troubled by Microsoft move

Google has said it finds Microsoft’s $44.6 billion bid to buy rival Yahoo “troubling” and wants regulators to scrutinise the proposed deal. Google said the tie-up could unfairly limit the ability of consumers to freely access competitors’ email and instant messaging services. It said Microsoft had previously sought “to establish proprietary monopolies”. “Microsoft’s hostile bid […]

February 5, 2008

ITV shares rise on takeover report

Shares in UK commercial broadcaster ITV rose as much as 4.6 per cent in London trading after weekend media reports that private equity firms were consider a takeover bid. ITV shares climbed as much as 3.5 pence to 80 pence and traded at 79.3 pence as of 12:37pm, valuing the broadcaster at £3.08 billion pounds […]

February 5, 2008