ITV stake sinks BSkyB profits

BSkyB, the UK’s biggest pay-TV operator, has reported a loss for the second half of last year due to its investment in ITV, the impact of its new Barclay Premier League deal and the removal of its basic package from cable.

The broadcaster reported last week that it would take a £343m hit relating to its investment in ITV but it has also reported a 25% loss in operating profits to £295m. It says the drop was due to its investment in the future and the change in its deal with the Premier League, with some matches now shown on Setanta, and the loss of its carriage on Virgin Media.

Sky was told last week by John Hutton, Secretary of State for Business, Enterprise and Regulatory Reform, that it must reduce its 17.9% stake in ITV to less than 7.5%.

Meanwhile, it has also reported a 167,000 new subscribers in the last quarter of the year and 260,000 new internet customers. It has also reduced its churn rate to 10%.

Jeremy Darroch, chief executive of Sky, says: “We enter calendar year 2008 in good shape”.


Sportingbet appoints Euro marketing head

Marketing Week

Sportingbet has appointed Orange marketer Ed Luck as European marketing director. The move comes as the online gaming company seeks to develop its existing mass-market proposition by segmenting its marketing approach. Luck, who has already joined the company, will focus on increasing customers for SportBet and its leisure-based casino and gaming products under the Paradise […]

Bauer suspends First and New Woman magazines

Marketing Week

Bauer Consumer Media has axed two floundering women’s titles just weeks after taking control of the EMAP consumer magazine division. First, the weekly title, and monthly New Woman have been suspended and the company has started a month-long consultation with staff. First, which was less than two years old, is the first casualty of the […]

Yell appoints new media development chief

Marketing Week

Yell has appointed Virgin Media marketer Phillip Snalune to the new role of new media development director. He will be responsible for developing new commercial models, products and services within the digital space in the UK. Snalune, who was previously Virgin Media’s group strategy director and managing director of its non-cable consumer division, will report […]


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