TITLE

BSkyB posts 32% increase in profit

AUTHOR(S)
Bennett, Ray; Williams, Chad
PUB. DATE
August 2005
SOURCE
Hollywood Reporter -- International Edition;8/9/2005, Vol. 390 Issue 20, p47
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that British Sky Broadcasting Group PLC (BSkyB) CEO James Murdoch on Wednesday played down speculation that he will quit the British satellite TV giant in favor of a leading role at News Corp. anytime soon. Announcing a 32% increase in full fiscal-year profitability less than a week after his brother Lachlan Murdoch caused shock waves by quitting his deputy chief operating officer post at News Corp., James Murdoch said that he wanted to see through the program of change he began implementing last year. News Corp. is BSkyB's biggest shareholder, with a 37% stake in the pay TV giant. The satcaster posted a 32% increase in full fiscal-year post-tax profit to 425 million pounds on year-over-year revenue gains of 11% to 4 billion pounds for the 12 months to June 30, 2005.
ACCESSION #
18079010

 

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