T-Hrvatski Telekom grows TV base, reports earnings drop

Croatian telco T-Hrvatski Telekom reported a 9.7% year-on-year increase in TV customers in Q3, though cited the continued economic downturn and EU regulation for wider drop in revenues and profits.  Announcing its third quarter earnings, the Deutsche Telekom-owned company reported 361,748 residential TV customers, up 9.9% compared to last year and 2.4% on the previous […]

CME management criticises firm’s ‘unacceptable’ performance

The co-chief executive officer of Central European Media Enterprises (CME), Michael Del Nin, has slammed the firm’s Q3 performance as “unacceptable” as its revenues narrowed and it reported an operating loss of US$45 million (€32.7 million). The weak results came as CME warned that if it is unable to secure additional financing, “we will be […]

Amazon adds ‘millions’ of Prime customers

Amazon said that it has added “millions” of customers in the last three months to Amazon Prime – its subscription service that, in the US, includes unlimited streaming access to some 41,000 movies and TV episodes.  Discussing Amazon’s Q3 results on the company’s earnings call, Amazon CFO Tom Szkutak said “Prime is growing fast” and […]

Twitter plans New York Stock Exchange listing

Twitter has said that it plans to float on the New York Stock Exchange for its impending IPO, rather than the NASDAQ, which is home to tech companies including Facebook.  The firm announced the decision in an update to its US Securities and Exchange Commission filing and said that it intends list its common stock […]