SES reported a healthy set of numbers on November 11 for its nine-months trading to September 30. Perhaps most notable was the all-important contract backlog figure, up nine per cent since the end of 2010. The figure represents the forward orders contracted for transponder space on SES satellites. Its other numbers were also in positive […]
Sky Deutschland has delivered another set of encouraging results ahead of analysts’ expectations. The operator added 98,000 net customers in the third quarter, doubling its additions year-on-year and taking net additions for the year to over 200,200. Gross adds were 188,000, up 17 per cent year-on-year, while churn fell to 12.7 per cent from 18.5 […]
The second consolidation move in the Spanish cable market is under way. Following the recent sale of Telecable, in the north of Spain to The Carlyle Group, now Euskatel, the second largest cable company behind ONO, is also moving with the consolidation tide. Savings banks BBK and Kutxa, owners of more than 60 per cent […]
Canal Plus is expected to complete its due diligence of Polish broadcaster TVN within weeks, ahead of a planned merger of the two companies’ pay-TV units, TVN Chief Executive Markus Tellenbach told a press conference. The companies have yet to determine the proportion of stakes each will get in the merged pay-TV firm, he added. […]
Kabel BW, which Liberty Global wants to buy for €3.16 billion has reported nine-month adjusted earnings rose 15 per cent as customers bought more pay-TV and Internet services. EBITDA rose to €268.1 million from €232.5 million a year earlier, the company said. Liberty Global is waiting for Germany’s antitrust regulator to decide by December 15th […]
Viacom reported higher fourth-quarter net income thanks to the box office and solid performances at its cable networks. Net earnings were $576 million up from $189 million a year ago. Revenues rose 22 per cent to $4.05 billion. “We enter a new fiscal year with a proven track record of managing our operations effectively in […]
The White House has warned that President Obama would veto a resolution introduced in the Senate that seeks to overturn “net neutrality” rules aimed at ensuring an open Internet. The House of Representatives approved a Republican resolution in April that seeks to block the rules approved in December last year by the Federal Communications Commission […]
Italy’s Mediaset expects that the 2011 operating loss at its pay-TV unit, Mediaset Premium, will amount to approximately €50 million and not €30 million as previously estimated. Speaking at the presentation of the results of the first nine months of 2011, Mediaset CFO Marco Giordano stressed it will be difficult to achieve break-even in 2012 […]
Anglo-French electrical goods retailer Kesa has sold the UK-based Comet stores to a private equity firm for just £2 and will hand over a dowry of £50 million and keep the liability of the existing pension scheme. The buyer is a group of companies under the name “Hailey” advised by retailer turnaround specialists OpCapita. Kesa […]
Adobe Systems is cutting 750 jobs, while reports say it is halting development of its Flash Player plug-in for mobile devices. The firm said the job cuts were being made in Europe and North America and represented more than 7 per cent of the company’s workforce. The Flash mobile plug-in works on Android devices and […]