Advanced Television

Business

BT falls but broadband up

BT saw profits before tax and after exceptional items fall 30 per cent to £447 million (E620m) in the last quarter of 2007. But the group reported strong growth in its broadband and global services divisions, where profitability grew. BT’s retail unit achieved a 35 per cent share of all new broadband connections during the […]

February 8, 2008

Teleste buys Ortikon

Teleste has acquired the Finnish software and video service solution provider Ortikon Interactive Ltd. Founded in 2000 Ortikon develops complete integrated software solutions designed for video business. The company supplies the related comprehensive systems mainly for European cable operators. As demand for the new video services increases in Europe the market share of digital headend […]

February 8, 2008

Virgin Media chief discounts ITV bid

From Colin Mann in London Neil Berkett, acting CEO of UK 'quad-play' operator Virgin Media, has given a strong indication that it is unlikely to launch a renewed bid for commercial broadcaster ITV plc, and also confirmed that it does not intend to compete in the 'premium TV' market. He told members of the Broadcasting […]

February 7, 2008

ITV drags on Sky results

Despite a record for customer growth in the quarter to the end of December, BSkyB reported a loss of £36 million (E48m) against a profit of £356 million for the same period a year ago. Much of the decline is attributable to the £343 million write down of the value of Sky's controversial holding in […]

February 7, 2008

TW suffers AOL drag

Time Warner, the world’s largest media company by sales, posted improved quarterly earnings and revenue but forecast slower growth in 2008. Revenue rose 2 per cent to $12.6 billion, and net income of $1.03 billion. The last three months of 2007 were the first to be reported under Jeff Bewkes, who took over as CEO […]

February 7, 2008

ViaSat record revenues, profits

ViaSat reported quarterly and year-to-date revenues of $152.1 million and $427.2 million, respectively, for the third quarter. In addition, the satellite networking company said that pre-tax earnings were up 83 per cent for the quarter and 26 per cent year-to-date. Third quarter earnings reflect significant margin improvement in both government and commercial products,” said ViaSat […]

February 7, 2008

Ergen for President

Charlie Ergen, chairman of the board and CEO of DISH, has assumed the role of president. Ergen succeeds Carl Vogel, who stepped down as president due to personal reasons, the company said. Vogel will remain vice chairman of DISH Network and EchoStar, reporting to Ergen. Vogel continues to lead the corporate development, programming and business […]

February 7, 2008

Amazon backs Lovefilm

Amazon is to bow out of DVD rentals and throw its weight behind Lovefilm, the leading European specialist,. Amazon is to transfer its subscribers and inject some cash to Lovefilm in exchange for a stake believed to be about 30 per cent of the company and valued at about £60 million (E80m) to £70 million. […]

February 6, 2008

Intelsat complete buy

Serafina Holdings, an entity formed by BC Partners, Silver Lake and other equity investors, has closed its acquisition of commercial satellite operator Intelsat. Through the transaction, the equity of Intelsat Holdings was valued at about $5 billion. As part of the deal, funds associated with Apax Partners Worldwide, Apollo Management, Madison Dearborn Partners and Permira […]

February 6, 2008

Sky Italia up to $4.43m in profit turnaround

Branislav Pekic from Rome Sky Italia has closed the second quarter with an operative profit of $62 million, an increase of $74 million in comparison to the loss of $12 million registered in the same period last year. The positive result was mostly due to the increase of subscribers, with more than 400,000 new subscribers […]

February 6, 2008