TITLE

Higher churn, lower subs deflate BSkyB gains in Q1

AUTHOR(S)
Ray Bennett, Ray; Williams, Chad
PUB. DATE
November 2005
SOURCE
Hollywood Reporter -- International Edition;11/8/2005, Vol. 391 Issue 37, p90
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that shares in British Sky Broadcasting Group PLC slumped 7% in early trading late last week on lower-than-expected first-quarter subscriber numbers and higher-than-predicted churn. The results came on Friday as News Corp.'s CEO and BSkyB chairman Rupert Murdoch told the company's annual general meeting in London that Sky would not continue its controversial share-buyback plan after this year, after 20% of company shareholders voted against the plan. The satcaster signed up 57,000 new subscribers during the three-month period, compared with the 68,000 new additions forecast by a Reuters poll of 10 analysts.
ACCESSION #
18918003

 

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