Dish Network Corp., the second-biggest U.S. satellite television operator, posted higher-than-expected quarterly profit and revenue on Friday, as existing customers spent more on its services.
Automotive, Olympics and political advertising increases are behind the jump to $83.2 million.
Now out of the retransmission battle headlines — for the moment — Cablevision Systems Corp. has resumed its strong financial news. For its third-quarter reporting period, the Long Island, NY-based cable operator witnessed a 13.3% gain in net earnings to $112.1 million with revenue climbing 5.6% to $1.81 billion —Ã¯Â»Â¿ all from jumps in its video and telecommunications services/products.
Better performing automotive and financial services ad categories as well as higher political ads drive the increase.
The Spanish-language broadcaster says the boost to $34.3 million came from World Cup and political advertising and retrans revenue.
The New York-based media giant controlled by Rupert Murdoch said Wednesday that net income in the fiscal first quarter, which ended Sept. 30, rose 36% to $775 million. COO Chase Carey said hard stands with cable and satellite companies were necessary to “set the market” for Fox stations and bring broadcasting to a “new level of profitability.”
Time Warner, the media giant that owns Warner Bros., HBO, CNN and DC Comics says its third-quarter net income declined, but its adjusted earnings surpassed Wall Street’s expectations thanks to growing subscription and ad revenue in its networks business.
Local rises 10%, excluding political; national grows 30%. Among categories, auto is the leader, up 44% with services up 16%.
Double-digit increases in core local and national revenue push the broadcaster’s revenue to $73.1 million, led by auto, political and retransmission consent dollars.
Strong increases in core advertising categories as well as political spending drives third quarter net TV revenue up by $7 to $32 million.
The increase to $79 million is led by almost $15 million in political ad money. Local revenue was up 5%, while national grew by 25%.