Seven Network Shares Slide as Ad-Revenue Growth Lags Industry
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Seven Network Ltd. shares had their biggest drop in four months after the broadcaster posted TV advertising growth that lagged the industry and on concern it won&#39;t keep viewers attracted by its Olympic Games coverage.
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Shares in Nortel Networks Corp. dropped 9 per cent yesterday after the telecom equipment giant, the subject of several Canadian and US accounting probes, hinted that rivals are taking a bite out of its market share.
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Shares in French automaker Renault plunged more than 7.0 percent on Friday after weak sales figures from its Japanese partner Nissan overshadowed its own broadly positive trading update.
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A slowdown in automobile and financial advertising hurt the companyÂs advertising sales over the last few weeks.
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Media conglomerate News Corp.  said on Wednesday its quarterly profit fell due to one-time gain a year earlier, offsetting higher "Borat" box office sales and "X-Men" DVDs and a rise in affliate revenue for Fox News.
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Top satellite television operator  DirecTV Group Inc  said it expected subscription growth  to be "down a bit" in 2008 after a co-marketing deal with AT&T  Inc's  BellSouth ends.
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Shares of Univision (UVN:NYSE - news - research) fell in Friday&#39;s premarket session after the Spanish-language broadcaster reported a strong third quarter but guided the rest of the year lower.
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ITV, the nation's biggest commercial television network, on Wednesday forecast further falls in crucial advertising revenues after a poor 2006 -- a year in which it also got a new chief executive and faced a takeover bid.
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An extra week in the quarter helped increase newspaper ad sales, but the company forecast a continued decline in circulation revenue this year.
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DENVER -- Third-quarter revenue fell 7 percent at Janus Capital Group Inc. as assets under management and investment-management fees fell.
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Ad costs hit bottom line but subscriptions grow.
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ESPN, the cable TV network that has driven profit growth at Walt Disney Co. much of this decade, may produce smaller gains in coming years, crimping the stock price of the second-largest media company.
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The network equipment maker reported that its quarterly net income grew 7.2 percent amid growing concern that economic weakness could affect technology spending.
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Abbottâs stock price has fallen more than 7 percent since early October amid worries about whether the F.D.A. will speedily approve the companyâs Xience heart stent.
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Tribune said its third-quarter earnings dropped 7 percent, beating expectations, adding that the housing slump and lower consumer spending worsened advertising revenue.
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U.S.-based online advertising firm Burst  Media  said on Wednesday results for 2007 are likely to  come in below market forecasts because of higher-than-expected  ad campaign cancellations.
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Shares of Sirius Satellite Radio Inc.  fell more than 7 percent on Tuesday after the pay-radio provider cut its fourth- quarter subscriber target, citing disappointing sales over the U.S. Thanksgiving holiday weekend.