Broadband Briefs for 8/14/08
• Cablevision standing pat while it weighs options
By Brian Santo
Cablevision Systems met with investors for the first time in three year, and vowed that it plans to hold off on acquisitions for the near term, according to a report in The Wall Street Journal.
The company just completed the acquisition of New York’s Newsday, the major publication in Cablevision’s home territory of Long Island.
Cablevision had previously been reported saying it is exploring options for increasing its stock value, including declaring a dividend, buying back shares and spinning off assets.
• Comcast adds to HD lineup in Vermont
By Traci Patterson
Comcast has launched nine new high-definition (HD) networks in Vermont. The company continues to expand its HD library, which is expected to offer 1,000 HD choices by the end of the year.
"Comcast is committed to providing our customers the ultimate high-definition viewing experience," said Dan Blakeman, vice president of Comcast's Vermont system. "We currently deliver our customers more than 500 HD choices at any time and are thrilled to add even more HD programming with the launch of nine new HD networks available right now."
The nine new HD channels are: Disney HD, ABC Family HD, TLC HD, AMC HD, Science Channel HD, Animal Planet HD, Sci-Fi HD, TMC HD and Showtime 2 HD. And in addition to offering 1,000 HD choices by year’s end, Comcast will also offer 6,000 movies on-demand at any given time by the end of next year, including 3,000 HD movies.
• Nielsen Co. increases revenues in Q2
By Traci Patterson
The Nielsen Co. reported revenues of $1.3 billion in the second quarter of 2008, marking a 12 percent year-over-year increase.
As of June 30, the company’s total debt was $8.7 billion, and cash balances were $403 million.
During the quarter, Nielsen completed its acquisition of IAG Research, which measures consumer engagement with TV programs, national commercials and product placements. IAG Research has been rebranded as Nielsen IAG.
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