NBCU Unscathed (So Far) In GE Slimdown
25 Jul 2008 8:11pm GMT NBC Universal (NYSE: GE) will be one of four "segments" in the slimmed-down General Electric announced today after the market closed today. CEO Jeff Immelt, under fire for the company's poor stock performance during his tenure, is downsizing from six to four "core" segments, creating "infrastructure" businesses for technology and energy and consolidating all financial services into GE Capital. GE already had announced a possible Consumer & Industrial spin-off. As for NBCU, it puts the "media"...
Top Headlines Of The Week From paidContent:UK, mocoNews And contentSutra
25 Jul 2008 8:04pm GMT We had our EconCeleb conference this week; read our full coverage and view the pics. Also, check out our Earnings channel for Q2 results from Netflix, Amazon, McClatchy, XM and tons more. paidContent:UK: -- ISPs' P2P Pledge 'Won't Stop Downloading', Govt Admits It's 'No Easy Task' -- Interview: Andrew Paulson, CEO, Sup: Russia's Web Revolution, Making LiveJournal Pay -- BSkyB, Universal Form JV To Launch Subscription Music Service -- BBC.co.uk Adds New Controller To Guard Against...
Updated: India's Bennett, Coleman Eyeing UK's Trinity Mirror?; Companies Deny Talks
25 Jul 2008 8:00pm GMT Updated: Bennett, Coleman & Co denies any such talks. BC's UK subsidiary TIML spokesperson: "There is no truth in the rumours." That's that, for now. Original post: Is Indian media group Bennett, Coleman & Co, owner of Times of India newspaper, eyeing another cheap UK acquisition? The shares of British media group Trinity Mirror rose more than 5 percent on Thursday on market rumours that the Indian media giant is looking to bid for the UK company whose market cap had dipped from $2.8 billion...
Earnings: Netflix Q2 Revs Up 11 Percent; Beats On EPS; Ups FY Guidance; Stock Jumps
25 Jul 2008 7:34pm GMT Netflix (NSDQ: NFLX) reported Q2 revenue of $337.6 million, an 11 percent increase from $303.7 million a year ago. Net income was up just 3 percent to $26.6 million. A significant reduction in shares outstanding, however, meant that EPS rose 13.5 percent to $.42 per share from $.37 per share. That surpassed analyst estimates of $.40 per share, and the company raised its full year outlook slightly. Total subscribers now stand at 8.4 million, a 25 percent year-over-year gain. Net subscriber adds...
AOL Does Some Damage Control on Its Blog Sites: No Budget Cuts; Just Cost Control
25 Jul 2008 7:32pm GMT After yesterday's story about some trimming at AOL (NYSE: TWX), including its Weblogs Inc blog unit, AOL has sent out another internal memo to its blogging team, which it says supersedes previous communication on the same subject. It stresses that there are no specific budget cuts, just trying to keep costs within budget. It also clarifies it is not asking its bloggers to stop posting on cerain blogs, but asked them to reduce the number of posts each day, again, to control costs. The full...