Sydney - Ten Network Holdings announced last week it posted a record $A1 billion ($US902 million) in revenues for the fiscal year ending Aug. 31, and it confirmed a recasting of its board after Canada's CanWest Global Communications Corp. converted its 56% economic interest in the company to a majority stake. Ten reported consolidated annual revenue grew by 12.5%, but earnings before interest, taxation, depreciation and amortisation (EBITDA) at the television division rose just 3.5% to $A237 … [Read more...] about Australia’s Network Ten breaks the $A1 billion barrier

Sydney—Production of a third series of 26 episodes of Southern Star’s hit teen drama Blue Water High has begun on Sydney’s northern beaches for Australia’s ABC-TV. Southern Star Executive Producer Noel Price says he wasn’t expecting a third series but he was happy to respond to strong demand internationally and in the home market. Southern Star International pre-sold the third series to France (AB Droits) and Italy (Market Management), while other investment comes from … [Read more...] about Blue Water High surges into a third series

Tokyo - Jupiter Telecommunications Co., Ltd. has transferred 39,798 outstanding shares in Kyoto Cable Communications Co., Ltd. from Fujitsu Ltd, effective from end November 2007. Transfer will make J:COM the largest shareholder in the company with a 46.64% share of voting rights. In addition, J:COM will acquire the remaining Miyavision shares from other shareholders to secure majority voting rights from end January 2008 and turn the cable operator into a consolidated subsidiary. Miyavision … [Read more...] about Jupiter Telecoms grows