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July 31, 2008
Sport and the media are natural bedfellows
BRISTOL, jokes Chuck Pagano, lies in a "demilitarised zone": halfway between Boston and New York, in territory shared by Red Sox and Yankee fans. Sport is a serious business there--pretty much the only business, in fact. The town of 61,000 people is home to ESPN, a company that has become synonymous with sports broadcasting. With little modesty but no little justification, it styles itself "the world leader in sports".
ESPN began life in 1979, when American television was ruled by three networks, ABC, CBS and NBC. "Cable television wasn't even cable television," says Mr Pagano, ESPN's head of technology and one of its first employees. Its founder, Bill Rasmussen, wanted to show Connecticut sport to Connecticut people, but discovered a much larger market. ...
News Corporation’s first-quarter profits down 30% after drop in television advertising revenue
News Corporation, parent company of The Times, reported a 30 per cent drop in first-quarter profits, as falling revenues from television advertising and declining film studio sales hit the bottom line.
Transurban toll revenue jumps
Toll road operator Transurban has reported an increase in annual revenue from tolls and fees on its roads in Australia and the United States, helped by higher traffic volumes and toll increases.
Telstra jumps Optus in mobile revenue
Telstra Corp Ltd's mobile phone revenue has surged, extending Australia's biggest telecommunications company's lead over rival Optus in the segment.
Tolls boost Transurban revenue
Transurban reports an increase in annual revenue from tolls and fees on its roads in Australia and the US.
Qantas passenger revenues up 4.3%
Qantas says its May group passenger numbers increased by 3.9 per cent over the previous year.
Telstra make $24.8b in sales revenue
Telstra's profit grew 13.3 per cent in the year to June 30, on a jump in mobile phone revenue as customers took up services with the Next G network.
Transurban tolls and fees pay off
Toll road operator Transurban Group has reported an increase in annual revenue from tolls and fees on its roads in Australia and the United States.
Woodside Q2 revenue up 52%
Woodside Petroleum Ltd has posted a 52 per cent jump in second quarter sales revenue, after production rose and the price of crude oil soared.
Santos revenue up with lower production
Oil and gas producer Santos has reported a lift in revenue despite a drop in half year production due to the suspension of gas processing on Varanus Island.
Santos swells revenue even as production dwindles
THE recent blast at the Varanus Island gas facility, coupled with the sale of a 40 per cent stake in a planned LNG project, will continue to drag down Santos' production this year, the oil and gas company said yesterday.
Woodside revenue surges
Woodside posts a 52% jump in second quarter revenue, after production rises and crude oil prices soar.
ASX high at noon as Wall St soars
The Australian stock market was up at noon as News Corporation Ltd reported robust fourth-quarter and full-year results.
08/06/08
Similar news about ANZ Bank
Santos sales rise despite output drop
Oil and gas producer Santos has reported a lift in revenue despite a drop in half-year production.
Qantas gets more passengers
Qantas says its passenger numbers in May increased by 3.9% over the previous year.
Mobiles, wireless lift Telstra
Telstra profit grows 13% to $3.7b, helped by higher mobile phone and wireless data sales.
Crown reports $370.1m in profit
Casinos operator Crown Ltd says its Australian casinos have been trading satisfactorily since the start of the 2008/09 financial year.
Telstra to outdo profit guidance
Telstra is expected to do better than its guidance when it reveals its annual profit results this week, as it increases revenue from its Next G mobile services.
Qantas full-year profit up 44%
Qantas has increased its full year profit by 44.1 per cent but says it is starting to feel the effect of higher fuel costs amid an uncertain economic outlook.
Wesfarmers expecting solid growth
Coles owner Wesfarmers has delivered a 33.6 per cent rise in annual profit and expects solid growth again this year despite a tougher economic environment.
Babcock's jig is up
The writedowns have begun, corporate finance has been axed, and a fire sale of assets is now on. Babcock's survival hinges on this.
Qantas profit up but outlook uncertain
Qantas expects a 41 per cent fall in profit this financial year as the airline faces the headwinds of rising fuel costs and a slowing global economy.
No Telstra broadband 'on current terms'
Telstra is unlikely to win the right to build the proposed national high-speed broadband network if it insists on wholly owning it, an analyst says.
Babcock & Brown 'set to meet guidance'
Investment group Babcock & Brown says it is on track to meet its full year earnings target.
Tabcorp applies for NT wagering licence
Gaming giant Tabcorp has lodged an application with the NT government in a bid to grab back some of the gambling revenue lost to the territory from Victoria and NSW.