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STOCKHOLM, July 24: Second quarter revenues at the Modern Times Group rose 10 percent to SEK 2.8 billion ($426.7 million), delivering a profit of SEK 362 million ($54.3 million), a 4-percent year-on-year gain. For the quarter, Viasat Broadcasting’s revenues increased …

LOS ANGELES, July 24: On a taping of Late Show With David Letterman yesterday, actor and comedian Drew Carey revealed that he had just signed on as the new host of The Price Is Right game show on CBS, succeeding …

LONDON, July 24: Turner Broadcasting System (TBS) and IPC Media will launch NutsTV in the U.K., a new male-targeted multiplatform television channel inspired by Nuts, a British weekly men’s magazine. The new channel is slated to launch initially as a …

MEXICO CITY, July 24: TV Azteca has reported second quarter revenues of Ps. 2.2 billion ($206.9 million), a 19-percent drop on last year, with net profit down 68 percent to Ps. 218 million ($20.2 million). "Comparables are particularly difficult this …

BURLINGAME, July 24: The new U.S. airline Virgin America, which will start domestic service on August 8, has reached a deal to feature an exclusive content channel from the San Francisco-based young adult-targeted Current TV on Red, its in-flight entertainment …

LONDON, July 24: Jalipo has reached an agreement to host content from the 24-hour British news channel Sky News. Sky News broadcasts will be available in three different quality streams at www.jalipo.com via Jalipo’s pre-pay J:Credits system, which is a …

UNIVERSAL CITY, July 24: Haydn Arndt has been promoted to senior VP and sales liaison at NBC Universal International Television Distribution, reporting to the division’s president, Belinda Menendez. Arndt will continue to be based in the company’s Sydney office. He …

NEUILLY SUR SEINE, July 24: French broadcaster M6 has delivered a net profit of 108.1 million euros for the first half of this year, a 7.6 percent gain on the same period in 2006. Revenues for the company were up …

NEW YORK, July 24: According to wire reports, NBC Universal is being sued for $105 million by a woman whose brother committed suicide after being caught on the newsmagazine Dateline NBC: To Catch a Predator. The AP reports that Patricia …

MILAN, July 24: Italy's De Agostini is expanding its media and communications unit with the acquisition of the Marathon Group from private equity firm Bridgepoint Capital and the company’s senior management for an undisclosed sum. De Agostini Communications already owns …