Gotuit Media Corp., an Andover, Mass.-based company that makes software for digital video recorders and video-on-demand applications, said it raised $6 million, led by Highland Capital Partners. The cash infusion marked the first institutional round for the start-up, which has raised just over $8 million so far, a company spokeswoman said.
Broadband equipment supplier Terayon Communication Systems said fourth quarter revenues dropped 68 percent to $25 million, and its net loss widened to $20.5 million (28 cents per share) versus $6.2 million (9 cents per share) in the same year period. For the fiscal year, Terayon reported revenues of $129.
Verizon has filed a motion in federal court that aims to stay a recent ruling that ordered the company to reveal the identity of one of its Internet subs to the Recording Industry Association of America. In that case, the RIAA, which represents labels such as Warner Music, Sony Music, Universal Music Group and EMI Group, wants Verizon to hand over information on customer who allegedly downloade...
Almost one-third of all U.S. broadband homes are "interested" in purchasing a home networking product this year, according to a new study from Park Associates. The study, which surveyed 10,500 U.S. Internet homes (4,500 narrowband and 6,000 broadband), said the momentum is due in large part to the marketing efforts of service providers and retailers and a strong consumer interest in networking ...
Staff Thanks to higher Internet usage, people are spending less and less time in front of the boob tube. The third annual nationwide survey on Internet and media usage from the University of California-Los Angeles' Center for Communication Policy reported that Internet users spent almost five hours less watching television than their non-Internet counterparts.
In an effort to pre-empt new digital movie-delivery services such as Movielink and to take advantage of white-hot DVD adoption, Kanakaris Wireless, which operates Internet VOD site CinemaPop.com, said it will offer to its paid monthly subscribers a 25 percent discount on the suggested retail price of DVDs.
Copyright 2003 Newsday Inc. Newsday (New York, NY)...01/31/2003 AOL Time Warner's stock price plunged 14 percent yesterday as investors reacted to news that the world's biggest media company posted a $99 billion loss for 2002 and that recovery is not imminent. The stock price closed yesterday at $12 per share, off $1.
Copyright 2003 P.G. Publishing Co. Pittsburgh Post-Gazette...01/30/2003 BRIAN BERGSTEIN, THE ASSOCIATED PRESS Fourth-quarter losses skyrocketed at AOL Time Warner Inc. after a staggering $45.5 billion charge to account for the struggling media conglomerate's plunging value. The company also announced yesterday that former cable TV mogul Ted Turner was stepping down as vice chairman.
Plans at satellite company Hughes Network Systems are to launch a new Ka-band two-way satellite broadband service called Spaceway next year to enterprise customers, but its European subsidiary is still signing up resellers for its Ku-band-based Direcway service in the meantime. The latest provider to sign up with Direcway service is Czech Republic operator Pegas Wireless s.
SureWest Communications has tapped TVN Entertainment to replace down-and-out Intertainer as its video-on-demand content and transport supplier. SureWest, which snapped up the assets of overbuilder Winfirst last year for cents on the dollar, offers VOD, high-speed data and telephony services to about 5,660 customers in Sacramento, Calif.
Copyright 2003 Warren Publishing, Inc. Communications Daily...01/30/2003 Rep. Sensenbrenner (R-Wis.), chmn. of Judiciary Committee, introduced bill that would prohibit FCC from enforcing its order to require that DTV tuners be installed in all TVs by 2007, but House sources said it was very unlikely to gain momentum.
Subscribers to the TiVo Inc. digital video recording service will have access to exclusive promotional content for upcoming 20th Century Fox films. Under terms of the deal, Fox Studios will "push" promotional campaign content for five upcoming films over the course of 2003, including full-length theatrical trailers, exclusive interviews, music videos associated with the films, and other behind-...
The Multiprotocol Label Switching Forum and the Frame Relay Forum intend to merge into one organization. The combined organization, initially to be known as the MPLS and Frame Relay Alliance, will ask members of both groups to approve the union. The greenlight on the merger could be given in the next two months, the organizations said.
EarthLink to cut 25% of workers, shut call centers; The ISP will outsource for dial-up customer support. Its Pasadena center will lose 485 jobs.January 28, 2003 7:00 pm | by David Colker | Comments
Copyright 2003 The Times Mirror Company; Los Angeles Times All Rights Reserved Los Angeles Times...01/29/2003 Internet service provider EarthLink Inc. will lay off 1,300 employees — about 25% of its workforce — and shut down its entire customer support operation for dial-up customers, company officials said Tuesday.
Customer care and billing systems provider CSG Systems announced the results of its fourth quarter financials, citing revenue growth, but lower earnings. For the quarter most recently ended, CSG claimed revenues of $155.2 million, a 31 percent increase from the same-year period. CSG directly cited the company's recent acquisition of Lucent Technologies' Kenan/BP billing and customer care system...