Q1 media company results: Liberty Global reported net earnings for Q1 of $22.9 million, up fromn$8 million during the same period in 2012, said a release Monday (http://bit.ly/10EgGJP). The companynalso had a 9 percent increase in revenue over Q1 last year, to $2.77 billion. Liberty said it's “on track” toncomplete its buy of Virgin Media before the end of Q2, with shareholder votes scheduled for early June. ...nDiscovery Communications reported Q1 net income of $231 million, up 4 percent from Q1 2012, said anrelease Tuesday (http://bit.ly/13r3Gfp). Discovery had revenue of $1.16 billion, up 7 percent from thensame period last year. The company had 17 percent growth in revenue from its international networks, thenrelease said. ... Charter Communications reported a net loss of $42 million for Q1 Tuesday, an improvementnover the same period last year, when the company lost $94 million (http://bit.ly/12QAMT8). Thencompany’s revenue grew 4.9 percent for Q1, to $1.9 billion. Charter said the revenue increase wasn“driven by growth in video services revenue and Internet and commercial customers.” Charter said itnadded 56,000 customers since the previous quarter, which is down from a gain of 86,000 in the first quarternof 2012. The company said its “all-digital initiative” will be completed by the end of 2014. Charternsaid the FCC’s recent waiver of the CableCARD requirement for Charter “will allow the Company to deploynset-top boxes without CableCARDs, improving the economics and speed of its all-digital initiative.”
展开▼
