Subscriber growth slows at BSkyB
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BSkyB reports a rise in first quarter profits and sales but there is further evidence that subscriber growth is slowing down.
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BSkyB's profits rise after a major advertising campaign leads to a strong-than-expected rise in subscribers.
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The chain still finds it hard to draw more customers.
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Britain's Competition Commission has recommended that pay-TV firm BSkyB reduce its 17.9 percent stake in broadcaster ITV to below 7.5 percent because it is anti-competitive.
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The cable company trims losses amid strong subscriber growth.
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Stronger-than-expected subscriber growth has driven increased first-quarter profits at BSkyB, the satellite broadcaster said today as it prepared to ask shareholders to approve a stock-buyback deal.
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Satellite broadcaster British Sky Broadcasting Group PLC reported strong growth in subscribers and a jump in revenue Friday, underpinning a 3 percent rise in quarterly net profit.
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NEVER surprise the market with a profit downgrading or the shares of your company will be severely caned. A slumping advertising share saw a surly Kerry Stokes yesterday issue a major earnings downgrade for the Seven Network.
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BSkyB, the satellite television company affiliated with the News Corporation, has bought a 17.9 percent stake in ITV, BritainÂs biggest commercial broadcaster, in a move that could thwart the ambitions of Richard Branson, the Virgin Group entrepreneur, to strengthen his position in the British media market. Mr. Branson had hoped to combine ITV with a cable company, NTL, in which he owns an 11 percent stake. The battle for ITV is rooted in a struggle for control of living rooms in Britain, which has one of the highest rates of digital TV and broadband Internet use in the world. BSkyB is the countryÂs biggest pay-TV operator, with more than eight million subscribers to its satellite system. NTL hoped to use the Virgin brand name and the ability to sell a Âquadruple playÂ of television, broadband, fixed-line phone service and cellphone service to gain an edge on Sky.
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A Christmas marketing blitz has paid off for satellite broadcaster British Sky Broadcasting Group PLC, which Tuesday reported its best quarterly increase in subscribers for two years.
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Minister gets involved Trade and Industry minister Alastair Darling has asked Ofcom to investigate BSkyB's purchase of a 17.9 per cent stake in ITV. He wants the regulator to provide him with advice on whether the deal has public interest implications by 27 April. Ofcom said is also looking at the possible impact on programming.â¦
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Top satellite television operator  DirecTV Group Inc  said it expected subscription growth  to be "down a bit" in 2008 after a co-marketing deal with AT&T  Inc's  BellSouth ends.
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Satellite broadcaster British Sky Broadcasting Group PLC reported strong growth in subscribers Friday and a jump in revenue that exceeded analysts' expectations, underpinning a 3 percent rise in quarterly net profit.
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BSkyB sees its share price rise after it reports better-than-expected new subscriber numbers.
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Satellite pay-TV giant BSkyB today recorded better than expected subscriber figures, announcing it had added 62,000 customers in the three months between July and September.
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PROFITS at BSkyB fell 19% in the half-year to Christmas as it spent extra on its move into broadband internet.
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Slowly but surely, satellite radio is catching on, according to subscriber numbers released Monday. But neither Sirius Satellite Radio nor XM Satellite Radio will break even, analysts said, until millions