Digest: U-verse future bright
EmptyU-verse future bright
AT&T's U-verse video service could be a "multibillion-dollar" business around 2010, John Stankey, AT&T's group president for telecommunications operations, said Wednesday. In an investor presentation, he said the company plans to install U-verse in 40,000 homes weekly by year's end. U-verse has been competing with cable and satellite TV services, but has so far gained less traction than Verizon's FiOS service.
THQ in the clear
THQ said Wednesday that the U.S. Securities and Exchange Commission's investigation into its stock-option grant practices has ended and will not result in any criminal or civil action. The video game firm said in August 2006 that it received a request for information related to stock-option grants from 1996-2006.
Lin TV mixed
TV station group Lin TV reported an improved fourth-quarter profit Wednesday even though revenue fell 15% to $108.6 million driven by lower political advertising. Core ad revenue, however, rose 5%. Profit rose from $10.3 million to $27.7 million thanks to lower expenses and other factors.