Gemstar 3Q Loss Up on TV Guide Devaluation
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Gemstar-TV Guide International Inc. posted a much wider third-quarter net loss as it wrote off the remaining goodwill on the TV Guide magazine business.
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For its third quarter ended Sept. 30, the New York satellite radio broadcaster lost $169 million, or 14 cents a share. That compares with a year-ago loss of $107 million, or 11 cents a share.
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Sirius Satellite Radio Inc. reported a narrower third-quarter loss Tuesday and recorded a 50 percent increase in new subscribers ahead of its planned combination with larger rival XM Satellite Radio Holdings Inc.
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After a dismal second-quarter showing, the retailer projects a Q3 loss.
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The company said its net loss in the fiscal third quarter ended Dec. 1 was $84.8 million, or 12 cents a share, compared with a net profit of $1.1 million.
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) on Friday reported a narrower quarterly loss as it kept a tight rein on expenses and sales of digital televisions
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Sirius Satellite Radio Inc. slipped more than 10 percent in Wednesday trading after a JP Morgan analyst downgraded the stock and told investors to take profits following a three-month run-up.
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Britain's pay-TV firm BSkyB  looked set for a costly climb-down after a regulator said it should sell more than half of its anti-competitive 17.9 percent stake in ITV .
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Viacom Inc. VIAb.N on  Thursday posted a third-quarter loss as a result of charges  from discontinued operations and a writedown of its assets, but  revenue rose on advertising sales growth at MTV and Nickelodeon  cable networks and the CBS television network.
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TiVo Inc., a maker of digital recorders for televisions, on Monday posted a wider third-quarter loss on an investment in subscription acquisition activities, but the company performed better than Wall Street expected.
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Gemstar-TV Guide and Hitachi announce a multiyear deal to bring program guides to digital TVs.
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Cablevision Systems Corp. CVC.N on  Tuesday posted a smaller third-quarter net loss as revenue rose  20 percent..
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The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.
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Sirius Satellite Radio Inc. slipped more than 10 percent in Wednesday trading after a J.P. Morgan analyst downgraded the stock and told investors to take profits following a three-month run-up.
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TiVo said on Monday that its quarterly loss widened, citing increased marketing costs, but the maker of digital video-recording technology said it expects to have 3 million subscriptions by the end of the year.
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TiVo Inc., maker of digital television recorders, on Monday posted a wider quarterly net loss, as it boosted spending to achieve a sharp increase in new subscribers to its fee-based TV service.
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IT services provider Electronic Data Systems yesterday reported a net loss of $153 million for the third quarter, with earnings hit in part by an asset impairment charge of $375 million connected with EDS's N/MCI project.