Americas Markets - Latest Developments


New York, NY, June 4, 2013

CBS Corp. has acquired full control of TV Guide’s online and mobile apps divisions after buying out the 50 percent share held by Lionsgate Entertainment.This latest deal makes CBS the outright owner of Lionsgate’s digital assets, including TVGuide.com and TV Guide Mobile, which provide news and information about TV shows and movies in addition to TV listings.

Stockholm, Sweden, June 3, 2013

The new edition of the Ericsson Mobility Report reveals thatmobile-data traffic will continue to grow significantly in the coming years, a trend driven mainly by video. Overall data traffic is expected to grow 12-fold by the end of 2018. Increasing usage is driven by continual growth in the amount of content available as well as the improved network speeds that come with HSPA and LTE development.

Brussels, Belgium,  June 3, 2013

IDATE  has published the 13th edition of its DigiWorld Yearbook with its theme "Embrace innovation: Evolve or die!  IDATE experts provide a concise and easy to read reference manual of the digital world, including key figures and a look at the latest innovations and key events that marked telecom, internet and media markets during 2012.

Englewood, Colo.., May 22, 2013

In another bold attempt Charles Ergen, chairman of Dish Network Corp., has offered to buy broadband company LightSquared Inc., which is in bankruptcy proceedings,  for its wireless airwaves for US$ 2 Bil.

Reports from Reuters and Bloomberg say Ergen offered $2 billion for LightSquared spectrum.

Carlsbad, Caliif., May 16, 2013

ViaSat Inc., a provider of satellite and other wireless networking systems and services, earned profits of US$ 1.9 million in its fiscal fourth quarter after a boost from new contracts.

The company said it earned 4 cents per share for the quarter that ended March 29 compared with a loss of US$ 7.4 million, or 17 cents per share, in the same quarter last year. It earned 19 cents per share when excluding one-time items, versus a loss of a penny per share last year.

Long Beach, Calif., May 15, 2013

SpaceTech Expo (www.spacetechexpo.com ) the West Coast’s premier space industry event, has increased the free seminars and sessions available to its attendees by expanding its free-to-attend Satellite & Space Summit and Open Tech Forum.  “Against the backdrop of tough travel budgets for industry and government, we want to offer unrivalled value to the spacecraft and launch industry,” says Guy Harris, Event Director for Space Tech Expo 2013. “That is why on top of our premium Space Tech Conference for C-level business people, we have expanded the free-to-attend Satellite & Space Summit, and free Open Tech Forum.”

Middletown, RI, May 13, 2013

KVH Industries, Inc. announced that it has acquired Headland Media Limited, a UK-based media and entertainment services company. Headland Media is a provider of commercially licensed news, sports, movies, and music content that they sell in the maritime, hotel, and retail markets.

Washington, D.C., May 9, 2013

Intelsat S.A. reported revenues of US$ 655.1 million and a net loss of US$ 7.8 million, or $0.09 per share, during the first quarter of 2013.  Intelsat also reported an EBITDA or earnings before net interest, taxes and depreciation and amortization, of US$ 496.8 million, and Adjusted EBITDA1 of US$ 505.8 million, or 77 percent of revenue, for the first quarter. The company said it has contracted backlog amounting to $10.4 billion at the end of the quarter.

Longmont, Colo., May 8, 2013

DigitalGlobe, Inc. has reported first-quarter loss of $60.6 million or $0.96 per share, compared to a profit of $3.8 million or $0.08 per share in the same period last year. First quarter 2013 revenue increased 47 percent to $127.6 million, although it disappointed analysts who expected revenues of up to $136.80 million.

Petah Tikva, Israel, May 8, 2013

Gilat Satellite Networks Ltd. said revenues rose 8 percent to US$ 82.8 million while EBITDA increased to US$ 5.1 million, up 74 percent, during the first quarter of 2013.

On a non-GAAP basis, Gilat said its operating income for the first quarter of 2013 was $1.0 million compared to an operating loss of $0.3 million in the first quarter of 2012. Net loss for the period on a non-GAAP basis was $0.3 million, or $0.01 per diluted share, compared to net loss of $0.8 million, or $0.02 per diluted share, in the comparable period in 2012.