Advanced Television

Business

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

Bablegum appoints content chief

Babelgum, has appointed BT Vision’s director of business affairs Mark Cranwell its first director of content strategy. Cranwell will report to Simon Kenny, head of content strategy and advertising at Babelgum. In his previous role, Cranwell was responsible for negotiating broadband video-on-demand deals.

February 6, 2008

Elstein steps down from Virgin

David Elstein, an independent director of Virgin Media, has resigned from the company’s Board. Elstein has been a Director of first ntl and then Virgin Media since January 2003, he is a former programme director of BSkyB and CEO of Channel 5.

February 6, 2008

Google troubled by Microsoft move

Google has said it finds Microsoft’s $44.6 billion bid to buy rival Yahoo “troubling” and wants regulators to scrutinise the proposed deal. Google said the tie-up could unfairly limit the ability of consumers to freely access competitors’ email and instant messaging services. It said Microsoft had previously sought “to establish proprietary monopolies”. “Microsoft’s hostile bid […]

February 5, 2008

ITV shares rise on takeover report

Shares in UK commercial broadcaster ITV rose as much as 4.6 per cent in London trading after weekend media reports that private equity firms were consider a takeover bid. ITV shares climbed as much as 3.5 pence to 80 pence and traded at 79.3 pence as of 12:37pm, valuing the broadcaster at £3.08 billion pounds […]

February 5, 2008

BC finalises $16.5bn Intelsat deal

BC Partners is set to announce the completion of its $16.5 billion purchase of Intelsat, the world's biggest satellite operator. The UK-based private equity firm has agreed to make concessions on the structure and terms of its $15 billion debt package to hold together its syndicate of main banks – Credit Suisse, Bank of America […]

February 5, 2008

Microsoft swoops for Yahoo

Microsoft has launched a $44.6 billion takeover bid for Yahoo in an attempt to challenge Google. Microsoft’s chief executive, Steve Ballmer, claimed that combining the two companies would create a stronger challenger to Google in the online advertising market. Hesaid the deal would create a “more efficient” company with total annual synergies of $1 billion, […]

February 5, 2008

CSA calls for HD DTT bids

France's broadcasting regulator, the Conseil supérieur de l’audiovisuel (CSA), has issued a call for bids to broadcast a High Definition pay-TV service on one of the country's digital terrestrial multiplexes. The opportunity is available to all pay-TV services currently authorised on DTT who wish to replace their current Standard Definition broadcast with HD. Bids will […]

February 1, 2008

ONO up for Q4

Spanish cable operator ONO improved margins and costs in the last part of 2007, with fourth-quarter core earnings up 7.3 per cent to E162 million. Operating cash flow turned positive over the year thanks to more efficient management, ONO said, coming in at E106 million after an outflow of E32 million euros in 2006. Average […]

February 1, 2008

Sky, ITV decision

UK Business secretary John Hutton is expected to announce imminently whether he accepts the ruling of the Competition Commission that Rupert Murdoch’s pay-TV company must reduce its 17.9 per cent stake in ITV to below 7.5 per cent. It is anticipated it will insist on some sale. ITV’s share price has tumbled since Sky bought […]

January 29, 2008