US Industry Summary


Time Warner Cable charts path while rebuffing Charter

(Reuters) - Time Warner Cable Inc, trying to fend off a takeover bid, posted better-than-expected quarterly results on Thursday and said it aims to increase the company's sales while also investing more in its technology over the next three years. Shares rose $1.39 or 1 percent, to $133.49 per share.

Defense casts doubt on claim ex-Murdoch editor heard hacking tape

LONDON (Reuters) - Andy Coulson, former editor of Rupert Murdoch's British tabloid the News of the World, was not in the office at the time he is alleged to have listened to a recording of a hacked phone voicemail message, a London court heard on Thursday. Coulson, editor of the mass-selling tabloid until 2007 and then Prime Minister David Cameron's head of communications up to early 2011, is on trial accused of conspiracy to illegally intercept messages on mobile phones, a charge he denies.

BSkyB strengthens pay-TV defence with HBO deal

LONDON (Reuters) - BSkyB has signed a new deal with U.S. producer HBO to secure exclusive access to blockbuster shows such as "Game of Thrones" until 2020 and strengthen its defence against an increasingly competitive BT. The deal announced on Thursday is part of efforts by Britain's dominant pay-TV provider to broaden its offering with increased content and services to tie in customers after BT encroached on its traditional stronghold of sports coverage last year.

E*Trade to give clients access to IPOs from Jefferies

NEW YORK (Reuters) - The baby in E*Trade TV commercials may soon boast that he got in on a hot Wall Street IPO. E*Trade Financial Corp said Thursday it formed a "retail alliance" giving its customers access to initial public offerings and follow-on offerings underwritten by middle-market investment bank Jefferies LLC.

Editor of Spain's El Mundo exits after clash with government

MADRID/MILAN (Reuters) - The influential founding editor of Spain's second-biggest newspaper, El Mundo, stepped down on Thursday after a decline in circulation and a series of revelations of alleged corruption in the ruling party. Pedro Jose Ramirez, known as Pedro J (pronounced "Hota"), has been sharply critical of Prime Minister Mariano Rajoy, even though El Mundo, part of the Italian RCS group, is considered broadly sympathetic to the ruling conservative People's Party.

Viacom expects pick up in advertiser demand

(Reuters) - Viacom Inc said on Thursday it expects advertising revenue from its cable networks like MTV, Comedy Central and Nickelodeon to improve this quarter, sending shares up 2.4 percent. The media company, which also owns movie studio Paramount Pictures, said higher ratings for its television shows are also helping coax money from advertisers.

Analysis: Charter's bid for Time Warner Cable hinges on Rutledge's skill

NEW YORK (Reuters) - As Charter Communications Inc campaigns for investor support for its $37.3 billion bid for Time Warner Cable Inc, Charter Chief Executive Officer Tom Rutledge and his turnaround skills are front and center of that effort. But Rutledge's track record as chief operating officer of Cablevision Systems Corp from 2004 to 2011 shows that he may not be quite the miracle worker that allies like to portray him as.

Britain's ITV to launch its first pay-TV channel

LONDON (Reuters) - ITV is launching its first pay-TV channel, one dedicated to British drama, exclusively on Sky's satellite and online platforms as part of a new four-year partnership with its pay-TV rival, the UK broadcaster said on Wednesday. ITV Encore, due to launch later this year, will broadcast re-runs of shows previously transmitted on ITV's free-to-air channels, ITV said, and from 2015 it will also screen original commissions.

Russian TV channel sees censorship after being taken off air

MOSCOW (Reuters) - A Russian television station that made its name covering massive street protests against President Vladimir Putin has been taken off the air by three television providers in a move the channel's chief said was censorship. Dozhd (TV Rain), an independent-minded television station with a strong online presence, has aired aggressive reporting critical of Russian authorities and even-handed broadcasts on Ukraine's anti-government protests.

Egypt to put Al Jazeera journalists on trial: prosecutor

CAIRO (Reuters) - Egypt will put an Australian, two Britons and a Dutchwoman on trial for aiding 16 Egyptians belonging to a "terrorist organization", the public prosecutor said on Wednesday, describing the four as Al Jazeera correspondents. Three of the Qatar-based television network's journalists - Peter Greste, an Australian; Mohamed Fahmy, a Canadian-Egyptian national; and Baher Mohamed - were detained in Cairo on December 29 and remain in custody, Al Jazeera said.- Reuters

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