NEW YORK (Reuters) – At least two top-10 Yahoo Inc shareholders are so unhappy with Chief Executive Marissa Mayer’s turnaround efforts that they are making a direct plea to AOL Inc CEO Tim Armstrong to explore a merger and run the combined company.
Their move follows an activist campaign by hedge fund Starboard Value LP, which is pushing Yahoo to consider a deal with AOL and unlock Yahoo’s valuable stakes in Asian Web companies.
By Jennifer Saba and Anya George Tharakan
(Reuters) – AOL Inc reported stronger-than-expected revenue growth as advertisers used the digital media company’s automated platforms to buy and sell digital ads.
Total third-quarter revenue rose 12 percent to $626.8 million, ahead of the average analyst estimate of $623.5 million, according to Thomson Reuters I/B/E/S.
By Abhirup Roy and Jennifer Saba
(Reuters) – Time Warner Inc reported better-than-expected quarterly revenue and profit on Wednesday, helped by higher subscription fees for channels offered by its Turner Broadcasting and HBO.
Revenue from Turner Broadcasting, the operator of channels such as CNN, TBS and TNT, rose 5 percent to $2.4 billion in the third quarter.
By Jennifer Saba and Lehar Maan
(Reuters) – Twenty-First Century Fox Inc Chief Operating Officer Chase Carey said the company is being “disciplined” about its options when considering streaming video offerings that bypass cable and satellite subscriptions.
“We believe the traditional bundle offers great value to consumers and will be the primary consumer package for years to come,” Carey said on Tuesday during an third quarter earnings call with analysts. He was referring to traditional cable packages that “bundle” together several channels for one price.
LOS ANGELES/NEW YORK (Reuters) – CBS Corp and Dish Network Corp are far apart on talks for a new distribution deal, according to a person with knowledge of the negotiations, setting up the possibility that the satellite provider’s subscribers could lose access to the most-watched U.S. TV network next month.
The current agreement, signed on January 5, 2012, is set to expire in late November, according to the person. The two sides continue to talk.
NEW YORK (Reuters) – Advertising company Simulmedia said it can now tie TV commercials to purchases by using data from set-top boxes to help marketers reach specific, more defined audiences.
“We are measuring the delivery of a TV spot against millions of people and, on an anonymous basis, what purchases occurred when they saw the ad,” said Dave Morgan, the founder and CEO of Simulmedia, who also started the online behavioral targeting firm Tacoda and ad serving network Real Media.
NEW YORK (Reuters) – News and information company Thomson Reuters Corp on Thursday said more clients of its Financial & Risk business added new products than canceled, the first time since 2008 that net sales were positive in the Americas, Asia and Europe.
Net sales are an important metric for the division that serves the banking industry and one that Thomson Reuters has struggled to expand since Canada’s Thomson Corp acquired Reuters Group Plc in 2008.
NEW YORK, Oct 23 (Reuters) – Comcast Corp reported
higher quarterly revenue and income on Thursday as more people
signed up for its high-speed Internet service and fewer
customers dropped their cable subscriptions.
Total revenue at the largest U.S. cable operator, which owns
NBC Universal, rose to $16.79 billion in the third quarter, up 4
percent from the year-ago period. Analysts had been expecting
$16.81 billion, according to Thomson Reuters I/B/E/S.
NEW YORK (Reuters) – Comcast Corp reported on Thursday higher quarterly revenue and income as more people signed up for its high speed Internet service.
Total revenue at the largest U.S. cable operator, which owns NBC Universal, rose to $16.79 billion in the third quarter, up 4 percent from the year-ago period. Analysts had been expecting $16.81 billion, according to Thomson Reuters I/B/E/S.
NEW YORK (Reuters) – Nielsen and Adobe Systems Inc announced an alliance on Tuesday that aims to measure the viewership of digital video across all Internet-connected platforms including TVs, smart phones and tablets as the television ecosystem undergoes dramatic change.
The move for Nielsen, which dominates traditional TV ratings and Adobe, which has troves of data on how people watch videos through the Internet, underscores how quickly the landscape is shifting.