More Media Business articles

Virgin Media has announced its Q4 2011 results, with £48.2 million profit and double the number of customers subscribing to TiVo.

Sky has announced its results for the six months to 31 December. The company said it has delivered a strong first half performance following continued investment.

UK outdoor revenues for the fourth quarter of 2011 rose 1.4% year on year to £256.4m. Total revenue for the full year was £886.3m, up 1% on 2010.

Investor concern about the threat of disintermediation by the likes of Google is generally unwarranted, according to Pivotal Research Group. The search giant is unlikely to pose a real threat to big ad agencies such as WPP, the company’s latest report says.

Apple posted record results this week – with shares up 8% in early trading on Wednesday to $454.45, making it the world’s most valuable company with a market capitalisation of $430 billion.

Apple shares were up 8% in early trading today to $454.45. At its highest, the rise in shares added nearly $32 billion to Apple’s market value, helping to push it to become the world’s most valuable company with a market capitalisation of $430 billion.

BSkyB is expected to announce Q2 TV additions of 55,000 customers (vs 140,000 last year), at a churn rate of 10.3% (vs 9.5% last year), according to the Bank of America Merrill Lynch (BoAML).

Hulu recorded $420 million in revenue last year after growing its business 60%.

Virgin Media’s announcement that it will double broadband speeds for all customers “appears bullish” at first glance, according to Bank of America Merrill Lynch (BoAML) – who says it will potentially lift ARPU and lower churn, while demonstrating its cheap pathway to higher speeds.

News Corp shares rose to a 52-week record in the year’s first week of trading – topping the highs it reached before the phone-hacking scandal in July.