Music download service Napster has reported a narrower quarterly loss as revenue increased from new mobile phone-based and existing personal computer-based services. The digital company said its fiscal second-quarter net loss was $5.1 million, compared with a year-earlier net loss of $9 million. Revenue grew 24 per cent to $31.6 million from $25.5 million a […]

IAC reported a 4.2 per cent drop in third-quarter net income amid higher costs as home-shopping channel HSN showed signs of a turnaround. IAC reported net income of $71.8 million, compared with $74.9 million, a year earlier. The latest quarter’s results included a $5.9 million gain related to the sale of Home Shopping Network Europe […]

Alcatel-Lucent has posted Q3 net losses of E258m on revenue down 7.8 per cent year-on-year at E4.35 billion. The group says the integration plan has seen 5,000 jobs cut in the year so far, with the company on track to achieve synergy-related pre-tax savings of E600m this year. It is to cut a further 4,000 […]

Sirius Satellite Radio reported a narrower third-quarter loss and recorded a 50 per cent increase in new subscribers ahead of its planned combination with larger rival XM Satellite Radio. Sirius reported a loss of $120.1 million (E83.2m) for the three months ended September 30, compared with a loss of $162.9 million in the year-ago period. […]

NDS has announced its results for the first quarter ended September 30, 2007. Revenue for first quarter was up 25 per cent to $204.9 million (E142m) and operating income for first quarter was up 31 per cent to $58.3 million Commenting, Dr. Abe Peled, Chairman and Chief Executive Officer of NDS said, “Our business has […]

Video search engine blinkx has reported positive financial results for the period ended 30 September 2007. Gross profit for the first half of 2008 was $2.2 million (E1.5m), with a gross margin of 74 per cent and daily searches have grown by 280 per cent. Suranga Chandratillake, founder and CEO of blinkx, said: “We are […]

SES has reported on its financial performance for the three months ended 30 September 2007. Revenue was E406.9 million. Operating profit was E175.9 million and Net profit was E138.8million Romain Bausch, President and CEO of SES, commented: “Despite the introduction of additional satellite capacity via the move of ASTRA 2C to 28.2 degrees East, the […]

Comcast earnings fell sharply in the third quarter in the context of a year-earlier gain related to its acquisition of cable systems from Adelphia Communications. Comcast’s net income fell 54 per cent to $560 million (E391m), compared with $1.22 billion, a year earlier. Most of the profit decline came from a year-earlier gain of $669 […]

Digiturk, Turkey’s largest digital television broadcaster, plans to raise as much as $550 million (E386m) in an IPO of 25 per cent of its business. The company is controlled by Istanbul conglomerate Cukurova and Providence Equity Partners. The pair are selling down their holding from 100 to 75 per cent. The Turkish media sector is […]

Eutelsat Communications said sales jumped 6.2 per cent to E211.9 million in its first quarter to September from E199.5 million a year earlier thanks to “the continuing good performance of our markets.” For the year to June 2008, Eutelsat reiterated targets of sales of E840-850 million and an EBITDA margin of more than 77.5 per […]