News Corp has upped its holding in the German pay-TV platform to 25.01 per cent. This is up from 22.7 per cent and follows the company progressively increasing its holding since January when it paid E287 million for a 14.58 per cent stake previously held by Unitymedia. News Corp executives Mark Williams and Tom Mockridge, […]
Conax AS, the CA provider that is part of Telenor, has entered a contract to purchase 100 per cent of Secustream Technologies AS. Secustream delivers anti-pirate software solutions for interactive TV, including IPTV, PC-TV and web-TV. Secustream was founded by NTNU (Norwegian Technological University) and Telenor in October 2006, and has been financed by Proventure […]
Belgium’s dominant telecom operator Belgacom has reported a worse than expected 3 per cent drop in first-quarter sales, but reiterated its financial targets for the whole of 2008. Belgacom’s first-quarter sales fell to E1.469 billion from E1.515 billion euros a year earlier. Belgacom said that price cuts imposed by European and local regulators were the […]
Chinese conditional access (CA) systems provider China Digital TV Holding has announced its unaudited financial results for Q1 2008, with net revenues reaching $17.4 million, up 65.7 per cent year-on-year but down. Net income for the quarter came to $11.4 million, up 84.1 per cent year on year but down 11.5per cent quarter on quarter. […]
Sir Run Run Shaw, the centenarian founder and chairman of Hong Kong based Television Broadcasts, is in talks to sell his stake in the world's leading Chinese language broadcaster and has attracted interest from private equity groups including Bain Capital and Blackstone. TVB is by far Hong Kong's dominant TV station, with a big presence […]
From David Del Valle in Madrid Spain’s largest cable company ONO reported a profit of E8 million for the quarter against a E13 million loss for the same period last year. EBITDA amounted to E164 million, up 10.6 per cent, with total revenues reaching E400 million, 75 per cent of them from the residential business. […]
US broadcaster CBS has beefed up its Internet presence with the $1.8 billion purchase of Cnet Networks, the network of technology and entertainment focused websites. CBS said the deal would make it one of the 10 most popular Internet companies in the US, with a combined 54 million unique users per month, and approximately 200 […]
Video search engine blinkx posted a net loss of $3.2 million for the six months to end-March on revenues of $3.6 million, but said it is ahead of plan in its move towards profitability. blinkx said content hours have more than tripled since its IPO in May 2007 to 26 million from 7 million, and […]
Eutelsat, the world’s third-largest satellite operator, reported an 8.9 per cent rise in third-quarter and raised its full-year guidance. Sales rose to E223.9 million euros ($346.2 million), compared with an average forecast for turnover of E217 million. Eutelsat said it had decided to raise its full-year sales target. It was now aiming for sales of […]
Intelsat reported for the three-month period ended March 31, 2008 with revenue of $572.7 million and a net loss of $412.7 million which included $313.1 million in restructuring and transaction costs incurred in connection with the February 4, 2008 acquisition of all of the equity ownership of its parent, Intelsat Holdings Ltd., by Intelsat Global, […]