Current TV, backed by former Vice President Al Gore, and to date presented as a channel that largely depended on viewer-generated content, looks as if it is about to change its profile. On August 8th it appointed David Bohrman as its new president, hired from CNN, and replacing Mark Rosenthal who stepped down two weeks […]
Elisabeth Murdoch, daughter of News Corporation Chairman and CEO Rupert Murdoch, will not after all be joining the company’s Board as had been suggested at the time of News’ £415 million acquisition of her television production company the Shine Group. “I expect Liz Murdoch to join the board of News Corporation on completion of this […]
Viacom Group has reported a 37 per cent increase in profits for the quarter that ended in June. The company’s net earnings of $574 million, were up from $420 million, in the same quarter last year. The company reported revenues of $3.77 billion, up from $3.27 billion. Viacom credited a robust television advertising market, solid […]
Russian broadcasting has had something of a roller-coaster ride this past couple of years, hurt badly by the advertising downturn, and CTC Media (Russia-based but NASDAQ registered) has seen its share-price suffer commensurately as revenues slumped. CTC operates two national free-to-air networks in Russia (CTC and Domashny, and DTV) with others in Kazakhstan and Uzbekistan. […]
US satellite TV provider DirecTV reported second-quarter net income up 29 per cent, beating expectations, as it added 472,000 net new subscribers in Latin America. US subscriber growth was below forecasts at 26,000 – but the new additions were still enough to push the company beyond the milestone of 30 million subscribers. DirecTV reported earnings […]
German commercial broadcaster ProSieben flagged moderate growth in its core TV advertising market this year, unsettling investors and overshadowing a 7 per cent rise in quarterly profit. ProSieben said second-quarter recurring earnings before interest, tax, depreciation and amortisation (EBITDA) rose to €238.7 million on sales growth of 6.5 per cent to €692.2 million. The figures […]
German cable network operator Tele Columbus has found several investors to acquire the company, according to German press agency dpa. The operator is the hands of more than 100 international creditors that acquired the company by dropping several hundreds of millions euros in debt during 2010. In the beginning of this year, they took the […]
The value – and subscriber appeal – of two-way digital transmission is paying off for Mexican MSO Megacable. While its overall subs base has only expanded 2 per cent (to 1.77 million) its investment in digital transmission has helped push subscriber growth of 133 per cent to 738,000(as at June 30). 97 per cent of […]
Satellite communications company Loral Space & Communications has provided an update on the previously announced initiatives to explore strategic alternatives for Telesat and Space Systems/Loral (SS/L). According to a company statement, in 2010, Telesat initiated a process to explore strategic alternatives. Among other initiatives, potential purchasers participated in a process to explore a potential acquisition […]
Discovery Communications narrowly bested investor expectations for its second quarter thanks to strong advertising numbers and growth in distribution revenue, especially on the international side. Discovery, which owns cable networks such as the Discovery Channel, TLC and the Animal Planet, netted $254 million in profit, a 20 per cent increase over the same period – […]