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BSkyB trading update to 30 June 2007 - Venture Insights

Report Overview

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BSkyB trading update to 30 June 2007

PublisherEnders Analysis.
Publish Date July 10, 2007
Sector Fixed Line (Internet and Voice), FTA TV, Pay TV.
Company Sky Group.

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Another record quarter of subscriber growth testifies again to the strengths of Sky’s marketing strategy and its successful entry into the telecommunications arena. The target of 10 million subscribers by the end of 2010 looks increasingly likely.

TM is now looking at a sales target of £450 million instead of £600 million, though the revised target may still be too high, with the sale taking place at a time when regional newspaper fortunes are at a low ebb.

Other results present a mixed picture: some improvements in costs, some progress online, but persisting doubts about TM’s ability to match its competitors over national newspaper sales and advertising revenues.