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| Playboy v. DIRECTV Spat http://www.fta-n-more.net/forum/viewtopic.php?f=61&t=1388 |
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| Author: | Prodigy [ Thu Nov 11, 2010 11:42 pm ] |
| Post subject: | Playboy v. DIRECTV Spat |
Playboy v. DIRECTV Spat SkyREPORT - November 10, 2010 Playboy showed a net loss for 3Q10 of -$27.4M, including impairment and restructuring charges of $25.8M. Domestic TV revenues were the major culprit, down 21% to -$9.8M. Much of that loss comes from DIRECTV withholding payments of $3M. The DBS provider alleges that Playboy breached terms of the agreement under which DIRECTV carries Playboy programming. In other third quarter results, Israel's RRsat Global Communications reported revenues of $24.7M, up 2.3% y/y. The company, which provides content management and global distribution to the TV and radio industries, has a backlog of signed agreements worth $177M. |
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