The Board of Mediaset Group has approved the H1 2013 results with consolidated net revenues of €1.737 million and net profit of €30.1 million. In Italy alone, net revenues were €1.31billion, with net profit of €17.6 million. On the Spanish market, Mediaset achieved net revenues of €427 million and a net profit of €30.1 million. […]
British satellite operator Inmarsat has reported a slight dip in Q2 earnings as the impact of US defence spending cuts has a continued effect. The company, which provides communications to shipping, aircraft and remote locations worldwide, reported EBITDA of $174 million, down from $176 million a year ago. Sequestration in the US has hit Inmarsat’s […]
Viacom, owner of cable networks MTV and Nickelodeon, saw stock jump after the company doubled its stock buyback programme to $20 billion – more than half its market value. Viacom, which relies on its television business for more than 90 per cent of annual operating income, is benefiting from steady gains in licensing fees paid […]
Satellite operator DirectTV has announced an increase in second quarter 2013 revenues of 7 per cent to $7.70 billion, operating profit before depreciation and amortisation (OPBDA) of 4 per cent to $2.08 billion, a decline in operating profit of 4 per cent to $1.35 billion, and higher earnings per share of 8 per cent to […]
CBS reported record earnings as digital streaming revenue bolstered its broadcasting business. Net earnings were $472 million up 11% from $427 million a year ago. Revenues were up 11 per cent to $3.7 billion, led by a 22 per cent increase in content licensing and distribution revenues. Affiliate and subscription fees, including retransmission consent fees, […]
Time Warner Cable Inc, the second-largest US cable operator, reported quarterly revenue below expectations as it added less than half the number of subscribers for high-speed data services that analysts had forecast. Cable operators are increasingly depending upon internet customers for growth as they continue to lose cable TV subscribers and face rising programming costs.Time […]
Netgem reports a consolidated revenue of € 33.8 million for the six months ended June 30, 2013. It includes the activity of Videofutur as of the date of its take-over by Netgem at the beginning of April 2013. Consolidated international revenue reached € 23.4 million in the first half of 2013, representing 69 per cent […]
Paris-based Eutelsat is currently the third-largest in the world (after Intelsat and SES) but is determined to expand. This time last year it expanded to the East acquiring a satellite business that focussed on the Far East and part of Australia. On July 30th it announced it would build a giant satellite (Eutelsat 65 West […]
Discovery Communications reported lower-than-expected second-quarter earnings and cut its full-year outlook, but it also said Oprah Winfrey’s OWN Network, which it partly owns, was finally turning a profit. Discovery, which owns cable networks such as Animal Planet and TLC, said it now expected 2013 revenue of $5.55 billion to $5.63 billion, down from the forecast […]
British STB maker Pace has reported that profits in the first half more than tripled, driven by continuing demand for its media-server products in North America. Pace, which supplies STBs to broadcasters, said pretax profits rose to $68.6 million (€51.7m) from $21.4 million a year before. Pace said it expected full year profit for the […]