Monthly Archives: October 2011

LG Display Suffers Record Quarterly Loss As TV Demand Slumps

LG Display this month reported record losses, partly as a result of a slump in global demand for TV sets. The South Korean company, which is one of the leading suppliers of flat-screen panels to technology giant Apple, posted its biggest ever quarterly loss – amounting to 492 billion won (£271 million) for the period between July and September 2011 ... Read More »

TV Viewing Leaves More Carbon Footprint Than Programme Making: BBC

A study carried out by the BBC’s research and development (R&D) team has revealed that the carbon footprint from watching TV programmes is greater than that from making the programmes themselves. As part of the Green Technology project, BBC R&D has been looking at media technology’s impact on the environment, and how any harmful effects can be reduced. TV viewing ... Read More »

Panasonic To Cut Jobs & Plasma TV Panel Output

In a bid to stem losses, Panasonic is set to cut jobs and vastly reduce its plasma TV panel output. According to a source close to the company, the Japanese consumer electronics giant is looking to cut around one thousand jobs and slash production of plasma television panels. Panasonic Corporation is said to be stopping production at the Amagasaki No. ... Read More »

BSkyB Sees Growth As Customers Lap Up Sky Go, HD & Broadband

According to figures released by British Sky Broadcasting (BSkyB) this week, the media and entertainment giant’s revenue has increased by 9 percent to £1.66 billion for the three months ending the 30th of September 2011. Rising demand from consumers, along with clever campaigning by the company to get existing subscribers to take up more Sky-based products, helped fuel this growth ... Read More »

Philips Hit By Job Losses & Uncertainty Over TV Business

Dutch technology giant Philips this week announced huge job losses as well as uncertainty over its TV business due to a massive plunge in profits. The company revealed that it suffered an 85 percent slump in net profit in the third quarter on higher raw material and restructuring costs. Philips hit by job losses and uncertainty over TV business Philips ... Read More »