SeaChange posted a 1Q loss of $578K vs a profit of $3.2mln last year. Sales were down 24% to $31.5mln. The vendor warned earlier in the month that a temporary slowdown in US cable VOD spending would cause it to miss previously announced guidance. "As US cable operators begin their digital simulcast deployments and the telco deployments begin in earnest, we expect demand for VOD systems, software and services to increase significantly," CEO Bill Styslinger said. SeaChange lowered full-year rev guidance to $160mln from $190mln.

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Thursday–June 18

Another DirecTV Duopoly Strikeout

Another broadcast deal received the blessing of the FCC Media Bureau over DirecTV’s objections. The Mario Peter Iacobelli Revocable Trust, which controls Heritage Broadcasting, got the green light Thursday to acquire Cadillac Telecasting’s WFQX and WFUP.

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