Intelsat reported revenue of $621.1 million and a net loss of $102.6 million for the three months ended March 31, 2010. “First quarter 2010 performance was as anticipated in light of the previously reported events that are restraining our growth in the first half of 2010,” said Intelsat CEO, David McGlade. “Our confidence in our […]
Telenor Broadcast has bought a 35 per cent stake of Scandinavian pay TV operator C More Entertainment which provides channels under the Canal + brand. Telenor will buy SEK787 million (E81m) of shares through a new issue. As part of the deal some sports rights owned by Telenor, such as the FIFA World Cup 2010 […]
New JV partners in the UK's biggest mobile network have announced the holding company will optimistically be called 'Everything Everywhere' and, as usual, the name is surrounded by TMs as though putting these words together was an original thought they can now protect. Thankfully, Orange and T-Mobile will continue as separate brands in the market […]
Eutelsat Communications has reported a strong revenue growth in the third quarter and the nine months ending March 31st, 2010. Expansion HD services and increased satellite capacity helped nine-month revenues reach E776.3 million, while third quarter revenues touched E268.3 million after a 13.4 per cent rise. Commenting on the Group’s third quarter 2009-2010 revenue, Michel […]
ProSiebenSat.1, has announced a restructuring that sets up a New Media division under the leadership of Dan Marks, former head of BT Vision. The division includes Christoph Bellmer as head of new TV and CEO of SevenSenses and Silke Kuisle as managing director of MyVideo and Arnd Benninghoff as CEO of SevenOne Intermedia. “My goal […]
Dish Network has reported that first-quarter profit declined as increased operational and legal costs overshadowed a rise in subscribers. Net income fell to $230.9 million from $312.7 million a year earlier. Revenue rose 5.2 per cent to $3.06 billion. Dish added 237,000 net new subscribers in the quarter. DirecTV said last week that it had […]
Harmonic and Omneon have confirmed the signing of a definitive agreement in which Harmonic would acquire Omneon for some $274 million in cash and Harmonic stock. The proposed acquisition would combine Harmonic's position in video delivery infrastructure with Omneon's technology for the production, management and distribution of digital media. “This proposed combination will position Harmonic […]
International cable operator Liberty Global has reported a first-quarter profit – its second in a row after five consecutive quarterly losses – on a $1.4 billion gain from discontinued operations. The company saw record subscriber growth for Internet and telephone services in Europe. Chief Executive Mike Fries said the company saw strong demand for its […]
ITV has reported an 8 per cent year-on-year increase in TV ad revenue in the first three months, and is predicting a World Cup-fuelled 22 per cent surge in the second quarter, but has warned that the outlook in the second half remains “highly uncertain”. ITV chief executive Adam Crozier, giving his first management update […]
The FCC considers broadband service a sort of hybrid between an information service and a utility and that it has sufficient power to regulate Internet traffic under existing law, despite recent court cases that say it doesn't. Last month, a federal appeals court ruled that the FCC had exceeded its authority by telling Comcast the […]