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For the third consecutive year, the Channel 4 sales house exceeded its target of £1 billion, with advertising and sponsorship revenues up marginally from £844 million in 2012 to £846 million in 2013.

BT’s investment in fibre optic saw 1.3 million more premises taking fibre this year, almost doubling the number of homes and businesses now connected, as it reports strong financial results.

The new tech allows users to perceive reality with digital and virtual content overlaid directly on to their surroundings.

ITV has taken a majority stake in the US producer of Pawn Stars UK, Counting Cars and Bravo’s Real Housewives of New Jersey as it eyes an international portfolio.

The first Big Bundles, priced at £45 and £30, offer users either 152MB or 100MB broadband, together with Virgin TiVo and a home phone service.

Freesat added 18,000 homes in the first quarter of 2014, which the subscription free satellite TV service says is largely due to “budget-conscious consumers switch[ing] away from expensive pay TV packages.”

Thought to run on Android software, the device is being compared to the Samsung Galaxy S5 and will hit shelves by the end of the year.

Customers will be able to watch Now TV on the PS4 from this summer with Sky Go becoming available later this year.

BT has announced that it will be making BT Sport free for another season for both new and re-contracting broadband customers.

Viacom, which owns channels including MTV, Nickelodeon and VH1, has announced that it will buy TV broadcaster Channel 5 from Richard Desmond for £450 million pounds.