A report by the Federal Communications Commission is claimed to show that cable TV companies have reached a subscriber saturation point that may lead to the agency exerting greater regulatory authority over the industry. The finding is in an annual report that assesses competition in the pay-television market. The report will conclude that the agency […]
From David Del Valle in Madrid The Spanish Competition authorities has started legal proceedings against the recent alliance between the Spain’s largest pay-TV group Sogecable and Telefónica to launch a joint triple play offer and joinly negotiate with TV content providers. The National Council of Competition (CNC) argues that there is evidence of an abuse […]
EchoStar Communications Corporation reported total revenue of $2.79 billion for the quarter ended September 30, a 12.9 percent increase compared with $2.48 billion for the corresponding period in 2006. Net income totaled $200 million for the quarter compared with $140 million in 2006. DISH Network added approximately 110,000 net new subscribers during the third quarter […]
Four buyout firms have been shortlisted in the race to buy British private equity firm Cinven’s 35 percent stake in French cable operator Numericable. The firms selected – PAI Partners, TPG Capital, Carlyle and Providence – must now submit a firm offer within a month, a fifth firm could still be added to the shortlist. […]
US operator Cablevision reported a wider net loss for the third quarter, but operating income rose 59 per cent as more cable TV customers signed up for high-speed Internet and digital phone services. Cablevision also trimmed its forecast for full-year growth in cash flow, from 10 per cent to 9 per cent, and said it […]
International cable group Liberty Global third-quarter profit fell from last year, when it recorded a gain on the sale of assets in France, Norway and Sweden. Liberty said it expects the fourth quarter to be the biggest quarter of the year in terms of subscriber growth, and that it expects to grow operating cash flow […]
Time Warner reported a 9 per cent rise in third-quarter revenue of $11.767 billion, however net income was down to $1.1 billion from $2.3 billion 12 months earlier due to discontinued operations and one-off items. The group’s main revenue driver, Time Warner Cable, posted a 25 per cent increase in revenue to $4 billion, with […]
BT met forecasts with a 3 per cent rise in second-quarter revenues on good growth in broadband and networked IT services and said it was confident in its growth prospects. The BT Retail unit accounted for 37 per cent of net DSL broadband additions during the quarter, giving it a broadband customer base of over […]
Modern Times Group has announced a number of new senior management appointments and the reorganization of its Central Eastern European operations. Manfred Aronsson has been appointed as CEO of MTG Sweden and Anders Nilsson as Co-Chief Operating Officer of MTG. Ulrik Bengtsson has been appointed as CEO of Pay-TV Emerging Markets, and Laurence Miall-d’Aout as […]
News Corp first-quarter profit fell 13 per cent from a year earlier, when the sale of investments boosted results by $428 million (E291m). Income dropped to $732 million from $843 million a year earlier. Sales rose 19 per cent to $7.07 billion. Chairman and CEO Rupert Murdoch highlighted the results at Fox Interactive Media, that […]