Daily Archive: August 12, 2011

Aug 12

Foxtel Announces Solid Growth

Tweet Australian subscription TV operator Foxtel has announced a 15.5% growth in earnings (EBITDA) to $551m for the year to 30 June 2011. Foxtel is owned by Telstra Corporation Ltd (50%), The News Corporation Ltd (25%) and Consolidated Media Holdings Ltd (25%). Despite the challenging consumer environment, total Foxtel managed subscribers grew by 2.5% with …

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Aug 12

SingTel profit dips on forex losses

Tweet SingTel has revealed its first quarter profit slumped 2.9%, due to forex woes and finance and tax expenses. The company reported net profit of S$943 million ($773 million), and 7.4% higher group revenue of S$4.29 billion. SingTel’s core businesses in Singapore and Australia – through subsidiary Optus – each grew revenue around 2% – …

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Aug 12

Emotional Atyachar violates programme code: I&B ministry to HC

Tweet The Centre today told the Delhi High Court that a private channel, telecasting reality show ”Emotional Atyachar” has violated the Programme Code framed under the provisions of Cable Television Networks (Regulation) Act. The Union Ministry for Informatiom and Broadcasting made this submission to a bench of Chief Justice Dipak Misra and Justice Sanjiv Khanna …

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Aug 12

Austar merger ‘still on cards’

Tweet Pay-TV operator, Foxtel, believes that its proposed $A1.9 billion takeover of Austar United Communications will go ahead. The preliminary finding of the Australian Competition & Consumer Commission is that the merger will significantly reduce competition. Foxtel CEO Kim Williams said that sound arguments have been advanced to show that competition will not be reduced. …

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Aug 12

Cable Nets Deliver $2B For News Corp.

Tweet U.S. cable networks were a big driver for News Corp.’s strong fiscal fourth-quarter 2011. A significant factor was that advertising revenues for cable networks surged 23% during the period, especially for the top-five prime-time network, FX. All this pushed revenues for the entire cable unit to $2.2 billion from $1.9 billion in the fourth …

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