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