Set-top box giant Pace might have to face an official City enquiry into its results statement. Pace’s shares fell back almost 20 per cent yesterday. The problem is CEO Neil Gaydon told analysts and press that one significant US order would be delayed by a year because the customer had decided to adopt new technology. […]
Intelsat, the world’s leading provider of fixed satellite services has reported results for the three months and year ended December 31st, 2010. Intelsat reported revenue of $644.0 million and a net loss of $115.8 million for the three months ended December 31st, 2010. It reported revenue of $2.5 billion and a net loss of $505.5 […]
Technicolor has received a binding offer to acquire the Thomson Video Networks business from the Fonds de Consolidation et de Développement des Entreprises (FCDE). The FCDE finances the recovery and development of small- to medium-sized enterprises demonstrating a strong potential for success. The capital development fund, with approximately €200 million, is financed with up to […]
3D Storm, distributor of NewTek products in Europe, Africa and the Middle-East, is pleased to announce that Joshua S. Th Schneeloch has joined the NewTek Europe team as Sales Representative for Germany, Austria and Switzerland (DACH). “Our presence in the field started with Roberto Musso, based in Milan (sales representative for Italy, Adria, Greece, Cyrus […]
Despite delivering a near-perfect set of “strong” numbers (see separate story), UK-based TV technology company Pace failed to convince investors with their results (to December 31st 2010) and general outlook. Pace’s share price tumbled 36.5p (14 per cent) to 183p during March 8th, a five-week low point and the largest fall on the UK’s important […]
In the opening skirmish of the ‘spin wars’ that will characterise negotiations, Chase Carey, Rupert Murdoch’s right-hand man at News Corp, told delegates at Deutsche Bank’s Media & Telecoms conference that while News Corp wanted to do the deal to buy the remaining 61 per cent in BSkyB that it did not already own, but […]
UK set top maker Pace PLC has reported its full year’s for 2010 with a 17.4 per cent year-on-year increase in sales to £1.331 billion with organic (extracting acquisitions) revenue up 9.7 per cent. Adjusted EBITA is up 35.6 per cent to £103.6 million (2009: £76.4m) with organic business contributing £94.3 million and acquisitions £9.3 […]
The CEO of SeeSaw, the catch-up TV service run by transmission infrastructure company Arqiva, is leaving. Pierre-Jean Sebert’s exit comes as Arqiva recently merged its three divisions into two. SeeSaw was created when Arqiva bought Kangaroo, the commercial VOD project of BBC, ITV and C4, which was forced to shut down by the UK’s Competition […]
YouTube has purchased Next New Networks for an undisclosed sum. Based in New York and backed by former television executives from Nickelodeon and MTV, Next New Networks has built a network of videos created both in house and by independent filmmakers. YouTube made clear that it has no plans to dive into the content business. […]
Fidelity Investments, one of the smaller investors in BSkyB, says a fair price for its holdings would be 950p (€1.1) a share, and letting it be known that News Corp should dig deeper into its pockets and pay a big premium over the offer price of 700p already on the table. BSkyB’s share price was […]