BSkyB shoots for budget viewers with pay-weekly for Sky Sports: BSkyB looks set to double down on its bid to capitalise on budget TV customers, a strategy that has seen rival TalkTalk soar to record user growth, as the satellite broadcaster begins offering a £10.99 seven day pass for Sky Sports for its Now TV video streaming service.
1 Aug '14
Have added to my holding
I have added to my holding today on the recent weakness. Although I hate to have anything to do with Murdoch I think the Sky proposition is good and getting better.
I don't see why people pay sky money every month, when nextflix+amazonprime are way cheaper. The only problem is some areas have no or slow broadband. If I were SKY I would be worried about millenials esp under 30s who don't care for tv so much and spend more time social media+Playstation+xbox. If I had Sky money I would make my own Video games company like Steam, and a new social media company. But I guess they are only thinking short term by wasting money on Premier league, And news international, selling The Sun which has gone behind the Daily Mail, online and in circulation.
28 Jul '14
Don't bet against BSkyB's Chief Executive Jeremy Darroch, the Sunday Times's Danny Fortson advised. Darroch is expanding his pay-TV business after agreeing to buy sister companies in Italy and Germany. Shareholders need to consider whether BSkyB is overstretching itself by issuing shares and taking on £5bn of debt to pay for the deal. Targeted cost savings look paltry but the prize is to export BSkyB's ability to sell TV and broadband to Germany and Italy, where takeup is lower than in the UK. If Darroch achieves this, shareholders can do well. Rupert Murdoch controls BSkyB and the Sunday Times.
26 Jul '14
More deatils of acquisition-Cont.2
RISKS INVOLVED The deal is not without risks, however, and it could take a while for the creation of a "Sky Europe" to pay off. Sky Italia, Italy's biggest pay-TV operator, has lost 220,000 customers since its peak in 2011 as the country's prolonged economic downturn led more people to ditch their monthly TV packages. Sky Deutschland is growing strongly in terms of customer additions and revenue, helped by the appeal of its domestic and European soccer matches, but the percentage of those willing to pay for TV in Germany remains low - below 20 percent. The company's credit rating is likely to be downgraded. Its ratio of debt to core earnings will also move to just below 3 from the current level of 1. As a result, the group said it would not resume share buybacks or do any further acquisitions until its leverage target was achieved. Chief Executive Jeremy Darroch said he did not envisage any regulatory problems with the deal. Barclays and Morgan Stanley acted as advisers for BSkyB, while J.P. Morgan co-led the financing. Herbert Smith was BSkyB's legal adviser. Deutsche Bank, Lazard Ltd, Goldman Sachs and law firm Allen & Overy advised Fox.
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