Japanese electronic rivals Panasonic and Sanyo are starting alliance talks, which could result in Panasonic taking over the smaller company. Panasonic said it wanted to make Sanyo its subsidiary, effectively creating Japan’s largest electronics maker. Sanyo has been facing problems in recent years, cutting thousands of jobs and selling unprofitable operations. “Panasonic and Sanyo will […]
Sky is reportedly in exclusive talks to acquire Tiscali's UK business. Sky has tabled an offer of £450m (E571m) for the UK business after last rival Carphone Warehouse pulled out of the auction The acquisition would be a major boost to Sky's broadband services, making it the third largest provider after BT and Virgin Media. […]
Project Kangaroo, the joint venture between ITV, Channel 4 and BBC Worldwide to provide an online video on-demand service, will not pose a threat to competition, the project has said in its submission to the Competition Commission's inquiry. In 73 page rebuttal of competitors claims, Kangaroo insists it will not reduce competition in the nascent […]
BSkyB has answered recent downbeat analysis with a better than expected 25 per cent increase in first quarter profits and the addition of 87,000 new customers, which takes the broadcaster past the nine million mark for the first time. Chief executive, Jeremy Darroch, said the business, which now has 9.067 million subscribers, had its best […]
Virgin Media has had a competition tribunal appeal rejected that, if upheld, could have resulted in rival pay-TV broadcaster BSkyB being forced to sell its entire 17.9 per cent stake in ITV. Last month Virgin Media lodged an appeal arguing that the Competition Commission failed to properly consider special rules governing the plurality of media […]
Shares in BT have plunged by 25 per cent to their lowest-ever level after it shocked the City with a profits warning. Shares sank below the price they floated at in 1984 after the telco admitted in an unscheduled trading update that earnings at its Global Services arm will be much lower than expected. The […]
The “utility-like” nature of subscription services offered by companies in the cable and satellite TV sector will help them prove resilient in a weakening economy, making them a relatively safe haven for investors, according to Credit Suisse. The bank sees substantial upside potential for these companies on a multiyear basis as the economic backdrop improves, […]
Erik Huggers, Director of BBC Future Media and Technology, has appointed Matthew Postgate Controller of BBC Research & Innovation. In his new role, Postgate will be responsible for shaping and leading all research and innovation activities to ensure value is delivered to the BBC, wider industry and academia. His duties will include creating and delivering […]
Jupiter Telecommunications (J:COM) announced that the total subscribing households as of September 30th, 2008 served by J:COM's 18 consolidated franchises reached 2.90 million, up 288,000, or 11 per cent since September 30th, 2007. Combined revenue generating units for cable television, high-speed Internet access and telephony services reached approximately 5.21 million, up 604,600 or 13.1 per […]
TV made a big contribution to Telenor's third quarter revenues, driven by an increase of 21,000 cable TV internet subscriptions, and price increases to Canal Digital's cable and DTH subscriptions. The price rises followed the decision to drop the separate HD tier, instead including the channels as part of the regular tiers. Canal Digital Group […]