Re: Virgin Media Losses
The losses are mainly due to a write down of the value of its shopping channels.
It's customer base still grew, in very challenging times. So there is still a lot to be positive.
It's very easy to take any results and report them in whatever way you want.
Nowadays negative news sells.
Headlines for the story could quite easily have read "cable company still gains customers during economic downturn" but that wouldn't sell papers or get people to read their article online would it?
The wheel's still turning but the hamsters dead.