Synacor Inc.posted fourth-quarter net income of US$7.7 million on revenues of $28.9 million, up 59 percent, as the TV Everywhere authentication specialist reported its first earnings since going public last month. It's projecting 2012 revenues to be in the range of $121 million to $124 million. (See Synacor's Wild Ride .)
On the deal front, Synacor will build a new consumer website that includes TV Everywhere components for Cable ONE Inc.
Cable engineers and execs at this week's CableLabs Winter Conference in Philadelphia pickedCoincident's ScreenSync TV as the "Best New Idea" at the event's Innovation Showcase. As the product name suggests, ScreenSync TV allows interactive applications running on tablets to synch up with live or on-demand video playing on the TV screen.
Former Cablevision Systems Corp. CFO Michael Huseby has been named CFO of Barnes & Noble Inc. as the bookstore chain looks to spin its Nook digital division into a separate company and expand its overall digital strategy, says Bloomberg.
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