The fallout from Eutelsat’s disappointing Q3 numbers, released May 14th, continue to reverberate. Indeed, while the results themselves were simply flat, one analyst now says they were “struggling to pick out any positive trends with any of [Eutelsat’s] main operating segments”. The equity analysts at Berenberg Bank add that the market’s focus on Eutelsat’s “Other” […]
Mediacorp has announced an organisational change and key appointments to enable its pivot to consumers and create a better brand experience for them. The company is creating an integrated marketing organisation that brings together the majority of its marketing and communications personnel under the leadership of media veteran Debra Soon, who assumes the newly created […]
The US Senate has voted to overturn the Federal Communications Commission’s (FCC) Restoring Internet Freedom Order which replaced previous net neutrality legislation, passing a bill that has little chance of advancing in the House but offers net neutrality supporters and Democrats a political rallying point for the midterm elections. Democrats forced the May 16th vote […]
21st Century Fox has revealed that its Executive Chairman Lachlan Murdoch will serve as Chairman and Chief Executive Officer of the proposed new ‘Fox’, which will be formed after shareholder and regulatory approval of the proposed transaction between 21CF and The Walt Disney Company. Lachlan’s brother James, currently Chief Executive Officer of 21CF, is not mentioned […]
RTL Group, the German-based TV entertainment company, has reported modest Q1 growth in the face of currency headwinds, highlighting the challenge they face to streamline and modernise. Reported Group revenue was stable at €1,416 million (up from €1,405 million in Q1 2017), as higher revenue contributions from Mediengruppe RTL Deutschland and RTL Nederland were partly […]
Cisco has reported Q3 results for the period ended April 28th 2018. The US tech giant reported third quarter revenue of $12.5 billion (€10.6bn), net income on a generally accepted accounting principles (GAAP) basis, and non-GAAP net income of $3.2 billion. “We are executing well against our strategy, our innovation pipeline has never been stronger, and […]
Altice N.V. post-split of Altice USA (to be renamed ‘Altice Europe’) has reported that it is delivering on its plan to improve operational performance, with its Q1 2018 showing the best subscriber trends the group has ever reported. Highlights include: France total fixed B2C customer base grew for the first time since Altice took control […]
The Board of Directors of Italian broadcaster Mediaset has approved the results for the first quarter of 2018 which confirm a return to profit. Net revenues were €860.6 million, compared with €889.3 million a year earlier, with the Italian market accounting for €631.0 million (€649.3 million) and the Spanish market for €229.6 million (€240.4 million). […]
Spain’s two largest TV groups, Mediaset and Atresmedia, could face €5 billion compensation demands if the CNMC (Comisión Nacional de los Mercados y la Competencia) probe into their allegedly-illegal ad practices that distort the market finds that they are indeed guilty. Regional public broadcasters and smaller DTT operators could ask for sky-high compensation of up […]
Following the announcement of the process to initiate a split of MTG into two companies, MTG and Nordic Entertainment Group, MTG has appointed new leadership team members for the new MTG. The new MTG (Modern Times Group MTG AB) will comprise MTG’s current esports (ESL, DreamHack and ESEA), online gaming (InnoGames and Kongregate) and digital video […]