Thread: Virgin Media News
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Old 10-06-2007, 17:04   #197
Media Boy
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Re: Virgin Media News
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Originally Posted by TV Boy View Post
Virgin Media hopes for TV subs growth Virgin Media has moved to reassure the City by reporting that it hopes to return better-than-expected TV subscriber growth for the second quarter of 2007, following strong performances in April and May. Mediocre first quarter results led the cable giant to forecast negative TV subscriber growth in the second quarter as it counted the cost of the withdrawal of BSkyB's basic channels from its platform. However, in a statement this morning (8 June) Virgin Media said it has "benefited from reinvigorated communications and marketing, growing customer recognition of the value of our video-on-demand content and the inherent appeal of the new Virgin Media brand". For more info see here - http://www.broadcastnow.co.uk/broadc...StoryID=169394 Info from Broadcast and is FREE TO VIEW.
Update on that news on Friday: Virgin Media's shares rose on Friday 44p to 1270p. Valuing Virgin at £4.1bn. Virgin has a large customer base and £2bn annual revenues but also has £5bn debts, while profits are not expected until 2009. The Mail on Saturday says Virgin may put in a bid for Virgin Radio who owners SMG are trying to sell. Info from The Mail on Saturday.
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Media Boy IS the new name for TV Boy. I do not work for Virgin Media in anyway I am just an Virgin TV viewer all info I get is from other Web Sites or from newspapers.
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