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Shoppers swap clothes for alcohol amid record sales drop

2020-04-24 10:55:39| BBC News | Business | UK Edition

Shopping declines at the steepest pace since the Office for National Statistics started collecting data.

NENT confirms no FY profitable growth as Q1 ad sales drop 13%

2020-04-23 09:55:00| Telecompaper Headlines

(Telecompaper) Nordic Entertainment (NENT) has formally withdrawn its outlook for profitable growth in 2020 as it announced a 2 percent drop in first quarter net sales in organic terms, with advertising revenues dropping 13 percent drop in Q1 and 25 percent in April. NENT gained 102,000 Viaplay subscribers since Q4 and it is now targeting some 400,000 net new streaming subscribers for the full year. It is planning geographical expansion for Viaplay in 2021.

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AT&T posts drop in underlying earnings as TV market ht by Covid-19 restrictions

2020-04-22 13:48:00| Telecompaper Headlines

(Telecompaper) AT&T reported first-quarter revenues down 4.6 percent to USD 42.8 billion, as its WarnerMedia division suffered from the Covid-19 outbreak's impact on the film and TV industry and the operator continued to lose pay-TV subscribers. Ongoing cost-reduction efforts helped limit the impact on profits, and AT&T said it was on track with its strategic investments, while conserving cash for the upcoming economic slowdown. Given the economic uncertainty, the group withdrew its guidance for the year.

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Telia Q1 results drop as Covid-19 measures hit TV results

2020-04-22 09:28:00| Telecompaper Headlines

(Telecompaper) Telia Company reported a drop in underlying results for the first quarter, as the Covid-19 outbreak weighed on its TV and media business. The company said the traditional telco business was stable, with flat service revenues and underlying growth in adjusted EBITDA.

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