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Consumers are feeling more confident about spending on small luxuries such as premium cable services and pay-per-view, propelling the earnings of cable and satellite TV providers upward in the second quarter. Advertisers, particularly automakers, also spent more in the quarter.
Time Warner Cable Inc. on Thursday reported higher second-quarter earnings as more customers signed up for digital cable TV, Internet and phone services. Advertising revenue jumped, driven in part by a rebound in automotive ads.
Time Warner Cable says its second-quarter net income rose 8 percent as more customers signed up for digital cable TV, phone and Internet services, and advertising revenue improved.
Cablevision Systems Corp. said Thursday said its second-quarter profit fell sharply as a hefty loss related to paying down debt helped offset revenue gains as more people signed up for its video, Internet and phone services.
Dish subscribers will soon be able to watch live satellite TV on their mobile devices at no extra cost.
Dish Network Corp. said Friday it's planning to file a complaint soon with federal regulators against Comcast Corp. for its refusal to provide access to a sports channel that airs games by the Philadelphia 76ers, Phillies and Flyers.
Comcast Corp. reported lower second-quarter earnings Wednesday partly because of costs related to its pending takeover of NBC Universal, yet it saw improvements in advertising and demand for pricier television services.
On a trip through southern Italy years ago, I was embarrassed to discover that all along, I had been mispronouncing "tabacchi" — tobacco shops that sell bus tickets and other sundry. I'd been saying "ta-ba-chee" rather than "ta-ba-kee" until a storekeeper impatiently corrected me.
A key advertising forecaster raised its outlook for global ad spending for a third consecutive time as fears of economic stagnation sparked by the European debt crisis didn't seem to affect companies' marketing plans.
European regulators have approved Comcast's purchase of a controlling stake in NBC Universal.
DirecTV Inc. is joining forces with a company owned by its cable rivals to sell local advertising spots coast-to-coast for the first time.
Some of the nation's largest cable companies are interested in buying Bresnan Communications, a mid-sized cable company operating in the West, a person familiar with the talks said.
For far too long, cable customers fumed as they waited in vain for the cable guy to show up. When he did come, sometimes it took multiple visits to fix outages. Some customers grappled with billing mistakes that took months to resolve. And cable prices went up every year.
In the race for supremacy in 3-D television, DirecTV Inc. wants to be king.
DirecTV Inc., the nation's largest satellite TV provider, reported Thursday that its net income nearly tripled after it added new video customers principally at the expense of rival cable companies. But growth appears to be slowing.
Consumers signing up for digital cable TV and high-speed Internet services led to a 12 percent increase in first-quarter profit for Comcast Corp. The company also said advertising on its cable channels rebounded in the quarter, indicating that an economic upturn is taking hold.
The former chief executive of DirecTV Inc. was awarded $1.4 million in compensation for working the first six months of 2009 before resigning to take another job, according to an Associated Press calculation.
The chief executive of Time Warner Cable Inc. received total compensation of $15.8 million last year, up more than 9 percent from 2008 mainly because of a bonus for renewing his employment contract, according to a calculation by The Associated Press.
The CEO of cable operator Comcast Corp. received $25 million in compensation for 2009, up 1.3 percent from the prior year, according to as Associated Press analysis of a regulatory filing.
A leading advertising forecaster is raising its 2010 outlook on global ad spending — the most bullish reading it has had in more than a year — saying companies are gaining more confidence that the economic recovery will stick.
Business software company CA Inc. said Tuesday that it's cutting 1,000 jobs — or about 8 percent of its work force — and consolidating offices as part of a restructuring plan to reduce costs and become more efficient.
As competition for video subscribers heats up in the New York City area, Verizon Communications Inc. has taken a swipe at cable TV rival Cablevision Systems Corp., accusing it of infringing on several Verizon digital set-top box patents.
The most recent showdown left millions of Cablevision Systems Corp. customers around New York without an ABC station at the start of the Academy Awards.
Stay tuned for more fee disputes threatening local television stations on cable TV lineups.
Hulu's days as a free online video site could be ending soon.
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