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Sector movers: ITV, BSkyB weigh on media stocks

Wed, 14th May 2014 15:08

Shares in broadcaster ITV dropped by nearly six per cent on Wednesday after the company underwhelmed with a first-quarter update, dragging the UK wider media sector lower.The company more or less met analysts' forecasts with total external revenues up 2% to £585m in the first three months of its financial year. However, the ITV Family share of viewing figures were lower than expected.In a research report titled 'More Zzz than X Factor', Investec Analyst Steve Liechti said that the first-quarter statement "looks OK [...] but some bulls may have wanted more".Liechti maintained a 'hold' stance on the shares, saying that the stock's valuation "looks quite full versus media peers". Meanwhile, Brenda Kelly, Chief Market Strategist at IG, said that investors were "turning off their sets following a stellar rally in 2013". The shares, which had risen by a total of 83% last year, were down 5.6% at 180.36p by 15:22 on Wednesday and now stand around 7% lower than where they were at the start of 2014.Sector peer BSkyB was continuing to trade lower after confirming on Monday that it is in talks with 21st Century Fox about buying the latter's interests in Sky Deutschland and Sky Italia.The potential deal, which is thought to be part of a move to create a larger 'Sky Europe' business, is said to have disappointed some who had expected Fox to bid for BSkyB itself.BSkyB was down 1.8% in afternoon trade and has now fallen 5.4% since the start of the week.Others in the sector such as WPP, Motive Television, Daily Mail and General Trust, UTV Media and ITE Group were also trading in the red on Wednesday.Top performing sectors so far todayForestry & Paper 11,320.70 +1.94%Electricity 9,686.97 +1.12%Industrial Metals & Mining 1,257.32 +0.62%Gas, Water & Multiutilities 6,000.98 +0.61%Beverages 14,180.50 +0.59%Bottom performing sectors so far todayTechnology Hardware & Equipment 1,075.95 -1.52%Software & Computer Services 1,176.71 -1.36%Media 5,971.67 -1.23%Electronic & Electrical Equipment 4,117.34 -1.04%Oil & Gas Producers 8,629.87 -0.87%BC
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28 Jan 2014 09:55

Motive Television Signs Sales Agreement With Castalia Communications

LONDON (Alliance News) - Motive Television PLC said Tuesday its US subsidiary had signed a joint sales agreement with programming distributor Castalia Communications Corp. Under the agreement Castalia will market video-on-demand services to pay television operators and broadcasters using Mo

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21 Jan 2014 10:30

Motive Television Launches Content Express Platform

LONDON (Alliance News) - Motive Television PLC said Tuesday it had launched its new Content Express platform, which includes video services for digital terrestrial broadcasters. The platform incorporates video-on-demand, catch-up television, tablet television and targeted advertising servic

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16 Jan 2014 08:21

UK MORNING BRIEFING: Shares Down; Sports Direct Ups Interest In Debenhams

LONDON (Alliance News) - UK shares have opened mostly lower Thursday despite a strong lead from the US, as investors digest a rush of UK company announcements.

In another surprise from Mike Ashley, Sports Direct International said it has sold its 4.6% stake in Read more

14 Jan 2014 11:50

Motive Television Signs Agreement With EcoPro To Develop Hardware For Tablet Television In US

LONDON (Alliance News) - Motive Television PLC said Tuesday that it has signed an agreement with Korean company Ecopro ICT Inc. to develop and produce T-pod hardware devices for use in its Tablet Television product in the US. Ecopro will develop T-Pods, dongle-like devices to receive televi

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30 Dec 2013 09:09

Motive TV Signs Contract With Siyaya Free To Air Of South Africa

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6 Nov 2013 10:27

MotiveTV Signs Software License Deal With Spanish Set-Top Box Maker

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5 Nov 2013 10:58

Motive Television Subsidiary Signs Two Contracts With Digiturk

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7 Oct 2013 11:02

UK WINNERS & LOSERS: Burberry Trips After Chinese Slowdown, Suretrack Shares Jump

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7 Oct 2013 08:41

Motive Television Renews Contract With Mediaset

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26 Sep 2013 09:41

Motive Television Increases Revenues As It Gears Up For New Product Launches

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16 Sep 2013 07:48

Motive Television Signs Video-On-Demand Agreement With South Africa's Siyaya

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18 Jun 2013 08:41

Motive Television halves 2012 losses

Motive Television (MTV) halved its 2012 losses on the back of a strong performance of its digital business. The digital television technology, software and solutions provider posted a group loss of £1.2m for the year ended December 31st 2012, down from the previous year's £2.4m. The company reduc

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6 Jun 2013 10:28

Motive Television signs licensing with Freeview for Tablet TV

Motive Television (MTV) has signed a licensing agreement with Freeview for the launch of its Tablet TV technology in the UK. The technology will allow users in the UK to watch and record programmes directly onto their tablet computers without an internet connection. The deal will give MTV access t

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14 May 2013 09:06

Motive Television advances on UK tablet TV announcement

AIM-listed Motive Television has reported that it will develop its Tablet Television technology to enable Freeview users in Britain to watch and record television programmes directly onto tablets without the need to connect to the internet. With the company's app and an antenna-tuner containing

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19 Apr 2013 09:17

Motive Television wins US patent

Motive Television (MTV) has won a patent in the US for an embedded place-shifting system which allows the transfer of content from a set-top box to smartphones and tablets. The patent for the NXVision technology, which was integrated with BesTV technology during 2011, was originally filed in 2006 b

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