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Business

Sequoia: it's very bad

Silicon Valley's most successful VC Sequoia Capital called an emergency meeting for its portfolio companies and is bringing back messages it sent to entrepreneurs in 2000. Sequoia partners presented a long analysis of how the United States economy got to this point. It is not a "normal crisis," they warned, and it will take a […]

October 14, 2008

EC: CA is indispensable but should be cross border

In a changing market, it remains essential for the roll-out of pay-TV services that conditional-access systems be protected at European level against piracy. This is the verdict of a new report published from the European Commission. Such protection is also a vital precondition for the growth of new content distribution services like video on demand, […]

October 10, 2008

Espial acquires Kasenna

Espial, specialist in the delivery of IPTV middleware and applications, is to acquire all of the outstanding shares of IP video delivery outfit Kasenna in exchange for an aggregate of 4,722,224 Espial common shares.

October 10, 2008

Ofcom: TV can run more ads

Ofcom has reiterated it will consider relaxing UK rules governing how many advertisements can be shown in peak time. In its most recent directive on the subject, the European Commission said countries could relax restrictions on advertising "minutage" to permit a maximum of 12 minutes an hour. Ofcom currently allows the PSBs to run seven […]

October 10, 2008

Virgin bolsters commercial team

Virgin Media Television (VMtv) has confirmed two senior appointments to strengthen and develop its commercial strategy for the multi-screen digital future. David Cuff joins VMtv as its new Commercial Director, responsible for commercial strategy across the full range of VMtv's business. Cuff has previously held positions with Flextech Television and Initiative Media, and runs his […]

October 6, 2008

Lord Carter is comms minister

Former Ofcom and NTL chief executive Stephen Carter has been named as minister for communications, technology and broadcasting in the House of Lords, as part of Prime Minister Gordon Brown’s reshuffle.Carter, who has been handed a peerage to take up his role in the House, said: “Given the global financial challenges, the communications sector has […]

October 6, 2008

Premiere: subs re-stated, shares plunge, CFO quits

German pay-TV broadcaster Premiere's shares fell 60% as it announced losses, a subscriber number re-statement and revealed it is trying to restructure bank debt.Premiere said its chief financial officer, Alexander Teschner, had stepped down as it restated its customer numbers to be in line with other pay-TV companies, resulting in a 940,000 drop in the […]

October 6, 2008

Phorm losses

Aim-listed Phorm, the internet advertising group that announced a tie up with BT this week, made an pre-tax loss of £13.7m (E17.2m) for the first half of 2008, an increase of 52 per cent from the loss of £9.1m in the same period in 2007. However, in spite of the losses, Phorm still has a […]

October 3, 2008

Cloud raises E15m

The Cloud, the UK-based European wireless broadband provider, has secured its future with a E15m investment via a third round of venture funding. Ferd Ventures, the Norwegian investor, became the latest backer of the privately owned group, joining 3i, Accel and Provider Venture Partners, the Swedish fund.While turnover at The Cloud rose from £6.7m (E8.4m) […]

October 3, 2008

BSkyB ITV appeal – they should sell more

In more bad news for BSkyB, the company may have to sell even more of its stake in ITV than it was expecting after the Competition Appeal said an original antitrust ruling may not have been tough enough.With ITV's share price at record lows this would crystallize yet more losses on the deal for BSkyB. […]

October 1, 2008