Reuters: Technology, Media & Telecommunications

Clear Channel posts weaker-than-expected profit

Fri, 09 May 2008 20:49:39 +0100

NEW YORK (Reuters) - Clear Channel Communications Inc posted a weaker-than-expected quarterly profit on Friday and the U.S. radio station operator said it was unclear whether a proposed buyout would be completed.

Virgin Mobile USA and Korea's SK in talks

Fri, 09 May 2008 22:49:59 +0100

NEW YORK (Reuters) - Richard Branson's Virgin Mobile USA and South Korea's SK Telecom, which controls U.S. mobile service Helio, are in early talks on a deal, a person familiar with the discussions said on Friday.

Harris Corp looking at strategic options: report

Fri, 09 May 2008 11:34:46 +0100

NEW YORK (Reuters) - Communications equipment maker Harris Corp has started exploring strategic options, which may lead to its eventual sale, the Wall Street Journal said on Friday, citing people familiar with the matter.

Gannett's New Jersey newspapers offer buyouts

Fri, 09 May 2008 20:57:41 +0100

NEW YORK, May 9 (Reuters) - Gannett Co Inc is offering buyouts to employees at most of its New Jersey newspapers, making it the latest U.S. newspaper publisher to try to lower expenses by cutting staff as it deals with an ongoing decline in advertising.

EA has up to $1 bln loan commitment for Take-Two bid

Fri, 09 May 2008 22:46:29 +0100

(Rewrites first paragraph; adds company comment, details and background)

Telefonica in surprise Sogecable sale, Prisa hit

Fri, 09 May 2008 19:44:22 +0100

MADRID (Reuters) - Spanish telecommunications group Telefonica SA said on Friday it would sell its 16.8 percent stake in pay-TV company Sogecable SA , an about face that sent shares in Sogecable's parent Prisa lower.

Leap Wireless Q1 loss narrows; shares rise

Fri, 09 May 2008 22:49:57 +0100

May 9 (Reuters) - Mobile phone service provider Leap Wireless International Inc posted a narrower quarterly loss, helped by a 24 percent increase in service revenue.

U.S. cable industry battles FCC chief to a stalemate

Fri, 09 May 2008 22:49:57 +0100

WASHINGTON, May 9, (Reuters) - The top U.S. communications regulator thinks cable television subscribers should be able to buy only the channels they want. And while his three-year campaign to make it happen has stalled amid fierce opposition from the cable industry, the issue is far from dead.

T.Italia Q1 profit falls 35.4 pct, below estimates

Fri, 09 May 2008 22:49:57 +0100

MILAN, May 9 (Reuters) - Telecom Italia , Europe's fifth-largest telecoms group by market capitalisation, reported a 35.4 percent drop in first-quarter net profit on lower sales and profit margins.

Windstream quarterly profit, revenue rise

Fri, 09 May 2008 22:49:57 +0100

NEW YORK, May 9 (Reuters) - U.S. local telephone company Windstream Corp reported a 24 percent rise in quarterly profit on Friday as an increase in high-speed Internet users helped compensate for slower residential phone sales.