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Entries in The Video Monitor (561)

Thursday
May102012

DISH Introduces Commercial-Free TV With Auto Hop

Source: DISH Press Release

DISH (Nasdaq:DISH) announced that satellite subscribers will now have the choice to automatically skip over commercials. The new "Auto Hop" capability for the Hopper whole-home HD DVR system is being activated today, and it allows customers to skip all commercials for most recorded primetime HD programs shown on ABC, CBS, FOX and NBC when viewed the day after airing.

The Hopper automatically stores these shows for eight days after they have aired, creating an on-demand library of approximately 100 hours of primetime TV shows, and making it easy to access episodes from last night, or last week.

Auto Hop does not work on live broadcasts.

Wednesday
May092012

Charter Reports Strong Customer Growth in First Quarter 2012

Source: Charter Press Release

Charter Communications, Inc. (Nasdaq:CHTR) announced its financial and operating results for the three months ended March 31, 2012. First quarter revenues of $1.827 billion grew 2.8% on a pro forma basis and 3.2% on an actual basis compared to the first quarter of 2011, driven by strong customer growth within the first quarter of 2012 offset by net video customer losses in the trailing twelve month period.

Adjusted EBITDA was $652 million, 2.0% lower on a pro forma basis and 1.7% lower on an actual basis compared to prior year reflecting increased costs associated with higher customer growth and programming. Net loss totaled $94 million in the first quarter 2012, compared to $111 million on a pro forma basis and $110 million on an actual basis in the year-ago period. Net loss decreased primarily due to a decrease in loss on extinguishment of debt partially offset by higher depreciation and amortization.

Total customer relationships grew 99,000 in the first quarter, more than triple the gain of 29,000 in the year-ago first quarter. Charter added 141,000 residential Internet customers compared to a gain of 90,000 in the prior year, and added 20,000 residential video customers compared to a loss of 24,000 a year ago.

Tuesday
May082012

DirecTV Reports Record Setting Subscriber Growth in 1Q12

Source: DirecTV Press Release

DIRECTV (Nasdaq:DTV) reported an increase in first quarter 2012 revenues of 12% to $7.05 billion, operating profit before depreciation and amortization (OPBDA) of 8% to $1.90 billion and operating profit of 13% to $1.31 billion compared to last year's first quarter. DIRECTV reported that first quarter net income increased 8% to $731 million and diluted earnings per share grew 26% to $1.07 compared with the same period last year.

DIRECTV reported 19.966 million subscribers at the end of the first quarter 2012, compared to 19.407 million at the end of the first quarter in 2011.

Tuesday
May082012

DISH Places Offering of $1.9 Billion in Senior Notes

Source: DISH Press Release

DISH Network Corporation (Nasdaq:DISH) announced that its subsidiary, DISH DBS Corporation, has priced an offering of $900 million aggregate principal amount of 5-year debt securities at an issue price of 100% and $1 billion aggregate principal amount of 10-year debt securities at an issue price of 100%. The debt securities will be issued as 4.625% Senior Notes due 2017 and 5.875% Senior Notes due 2022. The net proceeds of the offering are intended to be used for general corporate purposes.

The offering is expected to close on May 16, 2012, subject to customary conditions.

Sunday
May062012

Washington Post Reports Flat 1Q12 Cable Revenues

Source: Washington Post Press Release

The Washington Post Company (NYSE: WPO) reported its first quarter 2012 results. Cable television division revenue for the first quarter of 2012 was $190.2 million, flat compared to $190.3 million for the first quarter of 2011. The revenue results reflect continued growth of the division’s internet and telephone service revenues, offset by an increase in promotional discounts and a decline in basic video subscribers.

Cable television division operating income decreased 13% to $32.8 million, from $37.7 million in the first quarter of 2011. The division’s operating income declined primarily due to increased programming and sales costs.

At March 31, 2012, Primary Service Units (PSUs) were up 1% from the prior year due to growth in high-speed data and telephony subscribers, offset by a decrease in basic video subscribers. As of March 31, 2012, basic video subscribers were 622,339, high-speed data subscribers were 463,443, and telephony subscribers were 186,009.