Pay-TV giant BSkyB scores lower profits

British Sky Broadcasting (BSkyB) headquarters in west London, pictured on September 20, 2012British pay-TV group BSkyB announced a drop in half-year net profits Thursday as higher costs linked to coverage of live English Premier League football offset rising revenues. BSkyB said profit after tax fell almost 16 percent to £411 million ($ 678 million, 500 million euros) in the final six months of 2013 compared with the equivalent period in 2012. "We are moving through a year of investment in which we are absorbing the one-off step up in Premier League costs," chief executive Jeremy Darroch said in the group's earnings statement. BSkyB dominates the market for screening live Premier League football to homes and pubs across Britain.



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Posted by on Jan 30 2014. Filed under Top News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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