EmptyQ1 up at NDS
NDS Group said Monday that its fiscal first-quarter earnings rose as it recorded previously deferred security services revenue and benefited from the weaker dollar. NDS, controlled by media conglomerate News Corp., provides DVRs to DirecTV subscribers and other digital pay TV technology to a variety of customers. The company said its earnings rose 31.9% to $46.3 million year-over-year. Its quarterly revenue increased from $164.2 million to $204.9 million. The results beat analyst forecasts, and NDS shares rose Monday.
AOL, Meetic date
French online dating agency Meetic said Monday that it has signed a distribution agreement with AOL to become the exclusive dating channel on several European portals of Time Warner's Internet division. The agreement extends a similar partnership signed in February between Meetic and AOL France. TW is run by chairman and CEO Richard Parsons, who is expected to hand over his CEO spot to president and COO Jeffrey Bewkes by year's end. A report by Newsweek on Monday said Parsons likely will step down when TW reports its third-quarter earnings early next month.
Gannett, Tribune deal
Gannett, the largest newspaper publisher in the country and owner of USA Today, has formed a joint venture with a division of media firm Tribune to expand a national network of local entertainment Web sites, the companies said Monday. The new company, Metromix, will focus on launching Metromix.com in 25 of the nation's top 30 markets and more than 40 markets by the end of 2008. Metromix, which is a guide to area restaurants, bars and clubs, events, concerts and movies, is available in Los Angeles, New York, Chicago and other large Tribune markets.