STV, Scotland’s ITV licensee, has launched a £35m (E39m) legal action against ITV plc that includes claims of abuses in TV ad sales and video-on-demand rights. Also, the company said that the failure to secure a recommission of Taggart across the ITV network meant that the company will take a £2m hit in earnings and […]

DirecTV Group was one of the few pay-TV companies to gain subscribers in the third quarter, though earnings stayed steady because of the higher costs it incurred attracting and serving those new customers. DirecTV said that a marketing partnership with AT&T accounted for most of the increase in US subscribers. DirecTV said that net income […]

Time Warner raised its profit outlook for 2009 boosted by better than expected results at its cable channels and films division, even as it reported a 40 per cent lower net income for the third quarter. The owner of CNN and the Warner Bros movie studio said it will take a $100 million charge for […]

The video search company blinkx is offering increased stakes to existing shareholders to raise £5 million (E5.5n) after burning through £13 million of its cash reserve in the past year on infrastructure costs. blink has seen its cash reserve plummet from $32 million to $10.7 million in the year to the end of September. In […]

News Corp Chief Executive Rupert Murdoch said he doesn’t plan to rush into any huge acquisitions, including NBC, as News raised its fiscal 2010 earnings outlook following better-than- expected first-quarter results amid an improving ad market. The company declined to comment on the Travel Channel negotiations, citing disclosure agreements. Murdoch said the company will be […]

Liberty Global's third-quarter loss – its fifth in a row – narrowed on higher sales and smaller effects of foreign-currency exchange. Chief Executive Mike Fries said the company demonstrated consistent growth in operating cash flow in the first three quarters of the year and expects to be at the high end of its forecast for […]

Eutelsat has reported that it's Q3 profits grew 11.6 per cent to E226.7 million. Video Applications registered sustained increases in revenue (+8.5 per cent) to E180.8 million. TV channels broadcast by Eutelsat’s fleet grew by 4.7 per cent), as Eutelsat further consolidated the commercial strength of its nine video neighbourhoods. In total, the number of […]

Set top box maker Pace said it was on course to meet management expectations as it delivered a bullish trading update. “As anticipated in the half yearly statement, average selling prices are increasing in the second half of 2009 when compared to the first half due to a greater proportion of HD PVRs in the […]

Comcast Corp’s quarterly profit rose 22 percent, beating expectations, as it sold more phone and Internet subscriptions, helping the top U.S. cable operator fight competition from phone and satellite companies for video subscribers. It reported 361,000 new high-speed Internet customers and 375,000 new digital phone subscribers in the third quarter, offsetting the loss of 132,000 […]

Virgin Media beat analysts’ forecasts for the third quarter, adding 8,100 net new cable TV households and boosting revenues by 1.3 per cent to £953 million (E1.06bn). The cable operator reported a year-on-year increase in operating cash flow of 6.8 per cent to £348 million for the quarter. Virgin Media added 37,000 customers to its […]