August 9, 2011
More rough second-quarter numbers for U.S. video service providers leads today's cable news roundup.
Continuing a trend among major U.S. video service providers, Dish Network LLC (Nasdaq: DISH) shed 135,000 subscribers in the second quarter, attributing the loss to a mix of competition and "higher levels of discounting." In response, Dish will freeze prices through January 2013. Earnings rose to US$335 million (75 cents per share), versus $257 million (57 cents per share) a year earlier, but missed analyst expectations of 79 cents per share.
LG Electronics Inc. (London: LGLD; Korea: 6657.KS) 's IP-connected Smart TV platform could gain access to authenticated video-on-demand and other pay-TV services after notching a deal to support Clearleap 's Stream On Demand platform.
Dave Williams, most recently the SVP of wireless technology at Comcast Corp. (Nasdaq: CMCSA, CMCSK) and former CTO of Telefónica Europe plc (O2) , has joined Stoke Inc. as the mobile data infrastructure specialist's chief technology officer. (See Stoke Hints at IPO.)
Madison Communications, a rural service provider with cable systems in central Illinois, has completed its upgrade to Docsis 3.0 using Arris Group Inc. (Nasdaq: ARRS)'s flagship cable modem termination system (CMTS), the C4.
— Jeff Baumgartner, Site Editor, Light Reading Cable
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