‘Top Gear’ Gets New Exec Producer; Discovery Expands In Turkey: Global Briefs
Just as the former Top Gear team heads over to Amazon Prime, the BBC show has plugged in a new executive producer. Lisa Clark will step in for Andy Wilman who left the motoring series after Jeremy Clarkson was exited and who is joining Clarkson, Richard Hammond and James May for their new program at Amazon. Chris Evans has strapped into the Top Gear driver's seat for the BBC and will reunite there with Clark, with whom he previously worked at The Big Breakfast and Don't Fo… Read
Time Warner Cable Strikes Out In Securing More Distribution For Dodgers
Los Angeles Dodgers fans who can’t watch games on SportsNet LA are still out of luck for now. It “doesn't look like we'll get additional distribution for the Dodgers network this season,” Time Warner Cable CEO Rob Marcus told analysts this morning in a call to discuss Q2 earnings.
This has been a problem for the No. 2 cable operator, which has agreed to sell itself to Charter Communications. TWC committed $8.35 billion for a 25-year hold on Dodgers rights. But most other… Read
TV Everywhere Viewing Is Growing But Still Too Difficult To Access – TCA
How badly have cable and satellite companies botched their rollout of TV Everywhere streaming? Pretty badly, according to some data out today from Adobe. The media data company discussed the issue at Nielsen’s TCA presentation this morning.
Adobe said today at the summer sessions at the Beverly Hilton that 14.7 million households — about 13% of the 112 million pay TV households in the U.S. and Canada — actively use TV Everywhere. The number has tripled over the last two… Read
Twitter Beats Q2 Earnings Expectations But Is “Not Satisfied” With User Growth
UPDATED: A lot of things are up in the air at , including the choice of a CEO to replace Dick Costolo, who left at the beginning of this month. But investors can relax a little with the just-released Q2 numbers — saving the company from the kind of stock collapse it saw after it unveiled disappointing Q1 results.
"Our Q2 results show good progress in monetization, but we are not satisfied with our growth in audience," interim CEO Jack Dorsey says. "In order to… Read
New York Magazine Site Still Down 12 Hours After Posting Cosby Cover
Shortly after New York magazine posted a cover story Sunday evening that features on-the-record testimony and photographs of 35 of the 46 women who now claim to have been raped or sexually abused by Bill Cosby, the magazine’s website went dark, apparently the victim of a DDoS — techno speak for “distributed denial of service.” Translation: The magazine’s servers were overwhelmed by traffic as a result of malignant software engineered by a hacker.
The web attack made the… Read
Amazon Shares Take Off After It Unveils A (Surprise!) Profit In Q2
The e-retailer can deliver almost anything you can imagine — except, usually, a profit. No wonder Amazon shares rocketed more than 18% in post market trading after it said that it ended Q2 in the black, and well ahead of analyst expectations. If the pricing holds tomorrow, the share price will cross $570, exceeding the all time high of $493.20.
The company had a $92 million net profit, up from a $126 million loss in the period a year ago, on revenues of $23.19 billion, up… Read
With DirecTV, Will AT&T And Peter Chernin Create A Streaming Video Power?
That’s one of the most important questions people in Hollywood should consider now that the FCC and Justice Department are poised to give a green light to AT&T’s $48.5 billion deal to buy DirecTV.
There’s a free-for-all as companies strive to connect with the fast-growing ranks of consumers who watch TV shows, movies and other content on their smartphones and tablets — especially as Nielsen measures those views. Verizon plans to launch a streaming service by the end of… Read
Apple Had A Great Fiscal Q3, But Stock Falls On Disappointing Q4 Forecast
Apple beat analysts’ forecasts for earnings and revenues in the quarter that ended in June. iPhones and Macs set sales records. CEO Tim Cook called it “an amazing quarter” that included “a great start for Apple Watch.”
But shares are down more than 7% in aftermarket trading, largely because Apple projects sales in the current fiscal fourth quarter to come in between $49 billion and $51 billion — and analysts thought the number would be at least $50.9 billion.
Last quarter… Read
Yahoo Q2 Earnings And Q3 Revenue Forecast Miss Street Expectations
Postmarket traders knocked Yahoo shares down more than 2% after it reported mixed results for Q2 — but with a weaker-than-expected forecast for the current quarter.
The online company said it had a net loss of $22 million in Q2, down from a $270 million profit in the period last year, on revenue of $1.24 billion, up 14.7%. The top line beat expectations for $1.03 billion. But earnings, after adjusting for extraordinary expenses, come to 16 cents a share — 2 cents lower… Read
Verizon Says Customers Like Its Custom TV Bundles, Possibly Too Much
More than a third of Verizon’s 26,000 new FiOS video customers in Q2 opted for one of the new Custom TV lower-priced so-called “skinny bundles” — which require subscribers to pay extra for some mainstay channels, most notably ESPN — the phone giant says this morning.
That’s more than Verizon expected even though Custom TV ads were “blacked out from many content providers,” CFO Fran Shammo told analysts in a conference call. In New York City and Philadelphia “we were… Read
Yahoo Kicks Off Process To Distribute Its Alibaba Shares
Yahoo investors have eagerly awaited this news: About 67% of the company’s value is tied up in the stock it owns in Chinese e-retailer Alibaba — which executives promised in January to turn over to Yahoo shareholders.
That process now is in motion with a filing at the SEC to create a publicly traded company, called Aabaco Holdings, that will house 384 million Alibaba shares, equal to about 15% of the total. It also will take Yahoo Small Business, described as “a… Read
Google Shares Surge After It Reports Improving Reception For YouTube
Google’s upbeat comments about YouTube, and the general state of its business in Q2, are paying off in a big way today: The company’s stock price is up nearly 16% in mid-day trading, and touched a new all time high $703.00.
How much is that worth? Consider this: Investors value Google at about $369.6 billion, which is $51.1 billion more than it was worth yesterday. Today’s increase, in theory, would be more than enough to buy all of DirecTV ($47.0 billion), Netflix ($42.1… Read