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FinancialsAOL Sees Revenue, Operating Income Plummet in Third QuarterAuthored by Mark Hefflinger on November 4, 2009 - 8:45am.
New York
- With its spinout from parent Time Warner (NYSE: TWX) likely less than two months away,
AOL continues to struggle financially, according to figures released on
Wednesday.
News Corp. Results Dinged by MySpace; Plans Pay News SitesAuthored by Mark Hefflinger on August 6, 2009 - 7:24am.
 New York
- Media conglomerate News Corp. (NYSE: NWS) reported a 10.7% decline in quarterly revenue,
to $7.67 billion, and a net loss of $203 million, largely due to an operating
loss of $136 million at social network MySpace. The loss at MySpace was
attributed to the declining ad market, and competition from rival Facebook.
tags: Advertising | Social Networking | MySpace | Newspapers | News Corp. | Publishing | Amazon.com | Wall Street Journal | Rupert Murdoch | Financials | Kindle |
Sony Posts $391M Q1 Loss; Games, TV Sales FallAuthored by Mark Hefflinger on July 30, 2009 - 9:48am.
 Tokyo - Sony (NYSE: SNE) reported a loss
of $391 million for its fiscal first quarter, hampered by a weak economy and a
strong yen that both cuts into overseas revenue and increases production costs
in Japan,
The New York Times reported. Sales were down 19.2% from the same period a year
ago, to $16.8 billion.
Netflix Profit Climbs 22%, Subscribers Up 26% in Q2Authored by Mark Hefflinger on July 24, 2009 - 5:12am.
 Los Gatos,
Calif. - Online DVD rental
service Netflix (NASD: NFLX) announced this week that it added 289,000 new subscribers
during the second quarter, a 26% increase year-over-year, and now counts 10.6
million subscribers. The company reported $408.5 million in revenue, up 21%
from a year ago but just shy of the $409 million projected by analysts.
Newspaper Publisher Gannett Swings to Second-Quarter ProfitAuthored by Mark Hefflinger on July 15, 2009 - 7:20am.
McLean, Va. - In a hopeful sign for the newspaper
industry, Gannett (NYSE: GCI), the publisher of USA Today and 83 other daily papers, on
Wednesday reported a second-quarter profit that easily topped the estimates of
Wall Street analysts and sent company shares up more than 20% by midday.
Take-Two Stock Tumbles as "BioShock 2" Game DelayedAuthored by Mark Hefflinger on July 14, 2009 - 12:01pm.
New York
- Video game publisher Take-Two Interactive (NASD: TTWO) saw its stock price tumble 10% on
Tuesday, a day after the company announced that it would delay the release of a
key title, "BioShock 2," from the fall of this year until sometime in
2010. The company also lowered revenue projections for its third and fourth
quarter, "to reflect reduced sales of catalog products and lower than
anticipated initial retailer orders of new releases, due to a retail
environment that is proving even more challenging than the Company's previous
expectations."
Report: Craigslist Revenue to Top $100 Million This YearAuthored by Mark Hefflinger on June 11, 2009 - 9:47am.
Los Angeles
- Online classifieds giant Craigslist is on track to generate $100 million in
revenue this year, up 23% from its estimated revenue of $81 million last year,
according to a report from market research firm AIM Group/Classified
Intelligence.
tags: Advertising | Reports | Classifieds | Research | Craigslist | Financials | AIM Group/Classified Intelligence |
Infogrames Renamed Atari; Phil Harrison Out as PresidentAuthored by Mark Hefflinger on May 29, 2009 - 10:32am.
Lyon, France - French video game
publisher Infogrames, the parent company of Atari, announced on Friday that it
will rebrand the company as Atari, and said that Phil Harrison is no longer
president of the company.
Sony Posts $1 Billion Loss; First Annual Loss in 14 YearsAuthored by Mark Hefflinger on May 14, 2009 - 10:00am.
Los Angeles
- Sony (NYSE: SNE) has posted a loss of $1 billion for its fiscal year ended March 31,
representing the first annual loss at the Japanese electronics giant in 14
years. The
company, which is currently looking to cut costs by closing a number of
manufacturing plants and laying off some 8,000 workers, blamed the annual loss
on sluggish sales, the strength of the yen, competition and market conditions.
Live Nation Sees 23% Drop in Concert Attendance in Q1Authored by Mark Hefflinger on May 8, 2009 - 9:47am.
Los Angeles
- Live Nation (NYSE: LYV), the concert promotion giant awaiting antitrust approval of its proposed
$2.5 billion merger with Ticketmaster (NASD: TKTM), said this week that attendance at its
North American events was down 22.6% in the first quarter, compared to a year
ago, while reporting a loss of $102.7 million, or $1.29 a share.
RealNetworks Posts Net Loss; Music, Games Revenues UpAuthored by Mark Hefflinger on May 8, 2009 - 7:26am.
 Seattle - RealNetworks (NASD: RNWK) this week posted a net loss for the
first quarter, hampered by fluctuating exchange rates and RealDVD litigation
costs, amid results that saw a 16% jump in music sales and a 3% rise from its
games business. The company saw a net loss of $12.1 million, or 10 cents a
share, and revenue fell 5% from a year ago, to $140.8 million; analysts had
projected a loss of 6 cents a share.
Sirius XM Reports Decline in Subscribers in Q1Authored by Mark Hefflinger on May 7, 2009 - 7:44am.
Washington
- For the first time in its history, satellite radio provider Sirius XM (NASD: SIRI) said on
Thursday that its subscriber base shrunk during the first quarter.
Apple Profits Up 15% in Q2; 3.79 Million iPhones SoldAuthored by Mark Hefflinger on April 22, 2009 - 12:01pm.
 Cupertino,
Calif. - Apple (NASD: AAPL) on Wednesday reported
a 15% profit increase for the second quarter, to $1.21 billion, beating Wall
Street analysts' estimates. The company said it sold 3.79 million iPhones
during the quarter, a 123% increase over the same period a year ago. Apple also
sold 11 million iPods, a 3% increase, and 2.22 million Mac computers -- a 3%
decline.
RealNetworks Reveals Rhapsody Subscriber NumbersAuthored by Mark Hefflinger on February 13, 2009 - 11:11am.
Seattle
- In its fourth quarter earnings statement released this week, RealNetworks (NASD: RNWK) for
the first time revealed more detailed information on how many subscribers its
various services count, including the fact that there are now 775,000 paying
subscribers of its Rhapsody digital music service.
Sirius XM Scrambles to Avoid Bankruptcy; Exchanges NotesAuthored by Mark Hefflinger on February 13, 2009 - 9:08am.
New York
- Satellite radio firm Sirius XM (NASD: SIRI) said on Friday that it is scrambling to avert
the possibility of having to declare bankruptcy next week.
News Corp. Posts $6.4 Billion Quarterly LossAuthored by Mark Hefflinger on February 6, 2009 - 5:41am.
New York
- Media conglomerate News Corporation (NYSE: NWS) posted a $6.4 billion loss for its fiscal
second quarter, and took an $8.4 billion charge against earnings, citing the
declining economy. "Our results for the quarter are a direct reflection of
the grim economic climate. While we anticipated a weakening, the downturn is
more severe and likely longer lasting than previously thought," said News
Corp. chairman and CEO Rupert Murdoch.
tags: Social Networking | TV | MySpace | Movies | Newspapers | News Corp. | Publishing | Financials |
Warner Music: Digital Now 19% of Total RevenuesAuthored by Mark Hefflinger on February 5, 2009 - 7:55am.
Game Publisher THQ to Cut 24% of Staff; 600 EmployeesAuthored by Mark Hefflinger on February 5, 2009 - 6:07am.
Agoura Hills, Calif. - Video game developer and publisher THQ (NASD: THQI) has announced plans to cut 600 jobs, or about 24% of its staff, as part of a plan to reduce costs by $220 million in the coming fiscal year. EMI Digital Revenues Up 38%; Now 21% of Total PieAuthored by Mark Hefflinger on February 2, 2009 - 10:41am.
London - Major record label EMI said last week that digital revenue rose to $145.6 million in the six months to Sept. 30, up 38% from the previous half-year. Revenue From Microsoft Zune Platform Down 54%Authored by Mark Hefflinger on January 26, 2009 - 1:18pm.
Redmond, Wash. - Revenue from Microsoft's (NASD: MSFT) Zune media player platform was down $100 million, or 54% for the quarter, PaidContent reported, citing the company's 10-Q filing. |
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