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Playboy v. DIRECTV Spat
SkyREPORT - November 10, 2010
Playboy showed a net loss for 3Q10 of -$27.4M, including impairment and restructuring charges of $25.8M. Domestic TV revenues were the major culprit, down 21% to -$9.8M. Much of that loss comes from DIRECTV withholding payments of $3M. The DBS provider alleges that Playboy breached terms of the agreement under which DIRECTV carries Playboy programming.
In other third quarter results, Israel's RRsat Global Communications reported revenues of $24.7M, up 2.3% y/y. The company, which provides content management and global distribution to the TV and radio industries, has a backlog of signed agreements worth $177M.
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