Home

Narrows

Vivendi Universal Narrows Losses, Lowers Debt

Authored by Mark Hefflinger on September 24, 2003 - 10:51am.
Paris -- French media conglomerate Vivendi Universal on Wednesday reported a $724-million loss for the first half of 2003, while net debt plummeted from 35 billion euro ($40 billion) to 13.7 billion euro ($15.7 billion). The company's best-performing entertainment asset was Canal Plus, which posted its first operating profit since its ill-fated purchase of rival NetHold seven years ago. The report is decidedly good news for the company, which posted more than 12.3 billion euro ($14.1 billion) in losses last year. CEO Jean-Rene Fourtou said that talks with General Electric's broadcasting arm NBC were proceeding as planned and that the merger should be completed by the second half of next year.
tags: Universal | Losses | Vivendi | Fall | Narrows |

RealNetworks Narrows Loss With 900,000 Paying Subscribers

Authored by Mark Hefflinger on January 29, 2003 - 4:38am.
Seattle -- RealNetworks, a provider of media delivery technology, on Wednesday reported a narrower loss and higher revenue than were expected for the fourth quarter, aided by a growing subscriber base for its premium services. For the year, the company said its revenues were $182.7 million and net loss was $38.4 million, or $0.24 per share. "Consumer subscription revenue grew dramatically from $28.2 million in 2001 to $75.5 million in 2002. This revenue was built on more than 80 percent growth in our paying subscriber base from the end of last year, a deepening of the content we offer consumers and release of our newest award-winning RealOne consumer player," said RealNetworks chairman and CEO Rob Glaser. Seattle-based RealNetworks said that it now claims over 900,000 paying subscribers for its premium services. http://biz.yahoo.com/prnews/030128/sftu091_1.html
tags: Subscribers | RealNetworks | Narrows |