Comcast reported improving subscriber losses and nearly doubling its free cash flow for the quarter. Comcast said it lost 78,000 subscribers in the period – slightly worse than the 57,000 lost in the first quarter of 2008 but better than analyst consensus estimates of a 171,000 subscriber loss. Revenue rose 5.3% to $8.8 billion and […]

Australia's biggest investment bank, Macquarie Group, has reported its first fall in full-year profits in 17 years. Net profit in the year to 31 March fell by 52% to A$871m ($635m). It also cut A$2.5bn ($1.8 billion) from the value of its assets because of the global financial crisis. The bank said it had cash […]

Central European Media Enterprises (CME) has announced less than impressive financial results for the three months ended March 31st, 2009. Net revenues for the first quarter of 2009 were $141.2 million, a decrease of 37 per cent, compared to the first quarter of 2008. Operating income for the quarter fell $130 million to a loss […]

SES has reported a 12.2 per cent rise in its first-quarter core profit, maintained its full-year forecast and said it signed a E2 billion credit facility. SES, the world’s second-largest satellite operator, said that EBITDA rose to E308.9 million. SES repeated its forecast of revenue growth between 3 per cent and 4 per cent on […]

The number of TMT (Technology, Media & Telecoms) businesses who feel they have access to funding for their business to operate effectively has more than halved year-on-year, according to new research from accountants and business advisers BDO Stoy Hayward. In 2009, only 38 per cent of TMT businesses said it was easy to get access […]

Anevia, supplier of IPTV and VOD solutions, has secured $7 million in a second round of financing led by Seventure Partners alongside CDC Innovation, a shareholder from the first round funding in 2005. Anevia leads the IPTV market with more than 10,000 live channels and over 4 million end users on the telecoms and hospitality […]

Irish sports pay broadcaster Setanta has held a fresh round of talks with private equity firms in a bid to raise up to £100 million (E110m) following the pay-television company's failure to retain both its Premier League football rights packages beyond 2010. In February, Setanta won the auction for only one of the six available […]

Playboy TV’s UK operation has been fined £22,500 (E24,700) by Ofcom for broadcasting what it termed explicit adult content free-to-air. The fine applies to its Playboy One service, which broadcast as an unencrypted, free-to-air channel until September. Seven programmes broadcast between September 2007 and December 2007 were investigated by Ofcom and it concluded that “the […]

Liberty Global's European division has restructured E530 million of its E850 million debt, creating two new tranches that will extend its due date from 2012 by two and three years respectively. As a result, around 95% of UPC Holding's debt will now be due in or after 2013. Mike Fries, Liberty Global's president and CEO, […]

German media giant Bertelsmann has reported that its 2008 net profit dropped by a third to E270 million after it was forced to make recession-related adjustments to the value of some of its investments. Impairment charges of E502 million — the bulk from television unit RTL and its stake in Five in the UK — […]