News Corporation has announced that its revenues for the quarter ending March 31 increased 21% to $7.5 billion, with its net income increasing 6% to $871 million. Filmed entertainment delivered record operating income contribution of $410 million, up 82%, whilst cable network programming operating income was up 34%, with News Corp saying that increased affiliate… Continue reading News Corp Revenues Grow 21%

Bill Gates, chairman of Microsoft, says that the advertising model for traditional media will continue to deteriorate over the coming few years. Speaking at Microsoft’s Strategic Account Summit, Gates said: “We’re saying newspapers will go online, and there will be massive innovation that comes out of that. We’re saying that TV, the biggest ad market… Continue reading More Media To Move Online, Says Gates

Internet television service Joost has announced that five selected parties have collectively invested approximately $45 million in the company. The news comes just a week after the company, set up by the founders of Skype, was launched. Index Ventures, a European capital firm, Sequoia Capital, which has invested in Yahoo! and YouTube have taken small… Continue reading $45 Million Investment In Joost

Carat Sponsorship has conceived and negotiated with Viacom Brand Solutions an integrated title sequence for the interactive chart shows on MTV Hits and MTV Dance.The new sequence forms part of a sponsorship agreement with Beiersdorf’s NIVEA Lip Care Caregloss & Shine range.The deal was negotiated between Maria Donaldson (sponsorship exec, Carat Sponsorship) and Justin Stephenson… Continue reading Carat Creates First Sponsorship Package For MTV’s Interactive Charts

From today, BBC News 24 is being streamed live on the BBC News website, with viewers able to watch the latest breaking news streamed online to their computers by clicking on the “Watch Live” links found on the website front page.For the past few years the continuous news channel has been streamed through the website… Continue reading BBC News 24 Streamed Live On BBC News Website

Lesley Douglas, controller of BBC Radio 2 and 6 Music, has been appointed controller, BBC Popular Music.Keeping her current roles, Douglas will take on her new job as the BBC’s first controller of music with immediate effect.Douglas’ expanded remit includes responsibility for co-ordinating the full range of popular music output that is being produced across… Continue reading BBC Appoints New Popular Music Controller

Virgin Media’s customer base dropped to 4.81 million in the first quarter of 2007, with a net loss of 46,900 subscribers.Gross customer additions were down from 215,500 in the fourth quarter of 2006 to 184,300 in the first quarter of the year.Virgin said that this was in large part due to Sky’s removal of its… Continue reading Virgin Media Subscriptions Decline

Shaun Woodward, the broadcast minister, has said that the government would consider implementing a total ban on premium rate phone-ins if broadcasters do not clean up their act.Woodward warned broadcasters that the government took such breaches very seriously and would be prepared to intervene and legislate against them, in a move similar to Ofcom’s introduction… Continue reading Broadcast Minister Hints At TV Phone-In Ban

Virgin Media’s total revenue for the first quarter of 2007 was £1 million, with the company saying that the majority of the decline from the previous quarter was due to a reduction in content segment revenue. The cable company’s revenues from its consumer cable operations were £637.3 million in the first quarter, up year on… Continue reading Virgin Media Releases First Quarter Results

The nineteen largest cable and telephone providers in the US – representing about 94% of the market – acquired over 2.9 million net additional high-speed internet subscribers in the first quarter of 2007, according to new research from Leichtman Research Group. The top broadband providers now account for 56.2 million subscribers – with cable companies… Continue reading 2.9 Million Add High-Speed Internet In The US