Cable TV

DirecTV president Mitch Stern calls it quits

MUMBAI: US pay TV platform DirecTV has announced that its president and CEO Mitch Stern has left the company.

 

DirecTV Group president and CEO Chase Carey, will now oversee day-to-day operations of DirecTV. The company does not plan to find a replacement for Stern. Stern had joined the company in December 2003.

 

 

While DirecTV was mum on the reason for Stern's departure an industry source indicates that Stern, who was based in New York, constantly travelled to the West Coast on business. He started to feel that this was having a negative effect on his family life.

In making the anouncement Carey said, "While we considered 2004 a transition year, DirecTV achieved a tremendous amount of growth under Mitch's leadership. Most notably, more new subscribers chose DirecTV last year than any other pay television service in the country. I want to take this opportunity to thank Mitch for all his efforts and contributions and wish him well. DirecTV is well positioned to go forward and build on its leadership position in the pay television industry."

Stern said, "Serving as DirecTV's president was very rewarding and I am very proud of all that we accomplished in the last year. DirecTV is a great success story and a fabulous business with a very promising future. While it was exciting to be part of such a dynamic organisation, the time was right for me to move on."

 

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/06/vbs.jpg?itok=fQVBbLOg
The challenge of DD FreeDish and new tariff order for DPOs

With the emergence of a large number of OTT platforms and cord-cutting globally, the future of pay-TV looks bleak. The talk of the town is how pay-TV industry will manage to survive the crisis. Moreover, the new tariff order (NTO) in India is also set to overhaul the entire ecosystem.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/15/den.jpg?itok=vERCFpOP
Den reports improved numbers for Q2 over Q1

The Sameer Manchanda-led Indian cable distribution network and broadband internet services (broadband) provider Den Networks Ltd

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/14/grt.jpg?itok=OAWnlsvm
GTPL cable TV business revenue up in second quarter

Indian multi-system operator and internet service provider GTPL Hathway Ltd (GTPL) reported 13.8 percent increase in total income for the quarter ended 30 September 2018

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/13/hat.jpg?itok=Gw-Cd_wz
Hathway in the red due to higher expenses, forex loss in second quarter

In the first quarter of the previous fiscal, restructuring at Indian multi system operator (MSO) Hathway Cable and Datacom Ltd (Hathway) had brought for it a positive bottomline.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/10/dth.jpg?itok=zX4ravcq
Indian DTH equipments worth Rs 7.83 cr seized by Pakistan authorities

Pakistan authorities have seized a large quantity of smuggled Indian direct-to-home (DTH) equipment worth Rs 7.83 crore from various markets in a countrywide crackdown against illegal devices according to a report published by dawn.com.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/09/Vivek-Couto.jpg?itok=iqwcdf9q
Indian pay TV revenue to touch $16 bn by 2023: MPA

As per a new report by Media Partners Asia (MPA), the pay TV revenue in Asia will top $56 billion in 2018. This will continue to grow at 3 per cent CAGR till 2023 and likely to exceed $66 billion by then. Pay TV revenue consists of subscription fees and local and regional advertising sales.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/01/hinduja.jpg?itok=ZXqONP2o
Q2 results: Hinduja Ventures reports total income of Rs 26.72 crores

HVL on standalone basis reported a total income of Rs. 26.72 Crores for the half year ended September 30, 2018.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/24/Vynsley-Fernandes.jpg?itok=KbyFWkYU
IMCL aspires to hit 7 mn subscribers in a year

At a time when the face of India’s multi-billion dollar cable industry is changing rapidly with the emergence of new players, Indusland Media & Communication Ltd (IMCL), one of the oldest players in the industry, has announced a new offering ‘I Am Mumbai, I Am InDigital’.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/11/act.jpg?itok=jNeP51zC
ACT Fibernet seeks funding; discloses financials

In its prospectus with SEBI, ACT Fibernet submitted the financial details and is looking for fund-raising to expand the business across India. ACT Fibernet reported revenue of Rs 1,217 crore and EBITDA of Rs 211.67 crore in fiscal 2017.

Cable TV Local Cable Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories