Today's cable news roundup kicks off with word that Intel Corp. (Nasdaq: INTC) is chipping away at an over-the-top pay-TV play.
Intel is pitching programmers on a plan to create a "virtual cable operator" that would sell video subscription packages over broadband and debut before the end of 2012, reports The Wall Street Journal. Intel's been cozying up to cable operators with video gateway chipsets that support Docsis 3.0, scoring a deal to power Comcast Corp. (Nasdaq: CMCSA, CMCSK)'s new IP-connected X1 box, though a move into the pay-TV business would likely strain those relationships. But it's still questionable whether the deep-pocketed Intel will go through with it. Microsoft Corp. (Nasdaq: MSFT) pursued a similar idea but balked at the costs, instead favoring an MSO partnership strategy for the Xbox 360. (See A Virtual MSO Shall Rise, Boxee CEO Says, Comcast, Verizon Connect With the Xbox 360 and Comcast Confirms Xcalibur Partners.)
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. (NYSE: CVC) 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.