Canal+ and ProSieben report growth, Snapchat reports huge loss & Amazon pushes more home screens: this week in media

Canal+ and ProSieben report growth, Snapchat reports huge loss & Amazon pushes more home screens: this week in media

France’s Canal+ reverses subscriber decline

Canal+ subscriber additions outnumbered cancellations for the first time in many quarters in the three months to March, and the struggling pay TV outfit’s parent company Vivendi said it expected a reversal of the downward trend in EBITA in the second half of this year.  Read more on DigitalTVEurope >>

Digital boost for Germany’s ProSieben

Germany's ProSieben revealed its latest quarter’s numbers showing revenue and EBITDA grow by double digits, with strong digital performance largely driven by its e-commerce and online dating divisions.  Read more on DigitalTVEurope >>

Snapchat posts huge loss in first earnings call

Snap Inc’s shares lose nearly a quarter of their value on news of $2.2bn loss and slowing growth in first quarter report, its first since its IPO in March.  Read more on the Guardian >>

Facebook downgrades low quality ads

Facebook will bury links to low-quality websites and refuse to carry ads pointing to them in a News Feed algorithm change announced today.  Read more on TechCrunch >>

Amazon unveils the new Echo with a screen

This week Amazon unveiled the Echo Show, a WiFi-enabled home device with a seven-inch screen that is the newest addition to its Alexa-powered Echo range of home hubs that plays media and responds to voice commands.  Read more on Techcrunch >>

Facebook fined €110 million, EU approves new content rules & Google doubles down on AI: this week in media

Facebook fined €110 million, EU approves new content rules & Google doubles down on AI: this week in media

Axel Springer turns back on Google, Schibsted focuses on personlisation & Facebook closes its Oculus studio: this week in media

Axel Springer turns back on Google, Schibsted focuses on personlisation & Facebook closes its Oculus studio: this week in media