News Corp is expected to begin the formal bid process for BSkyB this week with a formal notification to the European Union of its intention to buy the 61 per cent of the company it doesn’t already own. This step will give British ministers about two weeks to decide whether to refer the bid to […]
Web video service Babelgum has appointed its third chief executive, with current CMO Stefania Valenti replacing Valerio Zingarelli. Funded by Italian telecoms billionaire Silvio Scaglia the founder of FastWeb, the service opted to cut costs by closing its Dublin HQ and Nice office in November 2009 to consolidate at its London, Milan and New York […]
The merger between Spain’s largest private TV channel Mediaset-controlled Telecinco and Cuatro is closer following the approval of the by the competition watchdog CNC with several conditions. Tele 5 will be barred from selling advertising from the partners’ two main channels (Tele 5 and Cuatro) in one package that makes up more than 22 per […]
Cable Europe has confirmed the appointment of Peter Percosan, as Managing Director to oversee the pan-European operation of Cable Europe Labs (CEL). The position will have direct management responsibility for the technology development and coordination throughout CEL. Percosan will succeed Malcolm Taylor who successfully served the association for many years, and who will remain as […]
Microsoft has announced a 51 per cent rise in first-quarter profit on higher sales of its Windows and Office software. Net profit for the three months to September came in at $5.4 billion. Revenues increased by 25 per cent to $16.2 billion – a record for the first quarter. Microsoft said that in the same […]
YouTube co-founder, Chad Hurley, is stepping aside as chief executive and taking an advisory role. Hurley, who launched YouTube in February 2005 with Steve Chen and Jawed Karim, said he was moving to the role of adviser and had handed over to Salar Kamangar, the former vice president of web applications at parent company Google. […]
After 16 months working – barely – under Chapter 11 bankruptcy protection, Sea Launch is now free to operate as a conventional business once again. A statement from the company says it plans to start launching satellites again next year. “We are thrilled to have successfully emerged from Chapter 11 with a solid financial structure […]
Spain’s largest private TV channels, Antena 3 TV and Mediaset’s Tele 5, have profited from the elimination of TV advertising on public broadcaster RTVE, since January. Both broadcasters made profits to September with Antena 3 increasing its profit by 261 per cent to E79.1 million and Tele 5’s net profit is up by 54.4 per […]
The US cable results season continues to confirm the establishment’s decline as a result of recession and competition. Comcast’s third-quarter earnings revealed the loss of 275,000 basic cable television subscribers. The losses were greater than most analysts expected, but Comcast, which is on the verge of acquiring NBC Universal, was able to exceed Wall Street’s […]
Earlier this week it was India’s Dish TV that was making headlines with its plan to raise another $200 million of capital. Today it is another Subhash Chandra-linked operation, Zee News Ltd (ZNL) that is in the news. Zee News on Oct 27 reported that it had posted a net profit of 2.24 million Rupees […]