Sky announces 12 per cent increase in revenue as it reveals plans to introduce satellite dish-free service in UK January 26, 2017 Sky today reported a jump in revenue in the six months ended 31 December, but said costs linked with the Premier League had hit profits during the period. The figures Revenue was up 12 per cent to £6.4bn from £6.04bn in the second half of 2015. Operating profit dropped by nine per cent to £679m from [...]
Discovery in price spat with Sky: Channels to be axed at the end of the month January 25, 2017 Sky customers are set lose 12 premium channels including Eurosport and Animal Planet after Discovery Channel revealed details of spat with the media giant. Negotiations have broken down over a long term contract for Discovery's TV channels to be shown on the Sky platform in the UK. If unresolved by the end of the month, the channels will [...]
RBS to be hit by multi-billion-pound charge for mis-selling mortgage-backed securities January 25, 2017 RBS is set to be hit by a new multi-billion-pound charge for mis-selling mortgage-backed securities. A formal statement confirming the charge could come as soon as today with RBS directors expected to discuss the move in a board meeting this week. The charge could be between $3bn (£2.4bn) and $4bn, sources told Sky News last night. The [...]
Thomas Cook’s new advert has sent its brand soaring January 25, 2017 January is traditionally a time for holiday companies to appeal to potential customers, as people return reluctantly to work under grey skies following the Christmas break. Thomas Cook is one company that is aiming to appeal to future holidaymakers dreaming of sunnier climes. It launched its “you want, we do” campaign after Christmas, but there is a [...]
Sky buys majority stake in production company behind the Lie Detective January 23, 2017 Sky has bought a majority stake in a northern indie production company backed by Channel 4 in 2014. The sale marks Channel 4’s first exit from a company backed by its £20m Indie Growth Fund. Founded in 2001, True North now employs more than 150 people across Leeds and Manchester. Read more: Bad news: People [...]
Breaking news: Revenue woes are driving a wave of deals in the print media sector January 23, 2017 After the closure of the Independent, the failed launch of Trinity Mirror’s New Day newspaper and plummeting revenues across the industry, 2016 will likely be remembered as a messy year for the print media. Less than a month in, and with rows brewing over press regulation, part two of the Leveson Inquiry and fake news [...]
What you need to be on the look out for in the Article 50 judgment on Tuesday January 22, 2017 The Supreme Court is due to deliver its long-awaited decision in the Article 50 case on Tuesday. If you plan on following along with the legal eagles, here is what you need to know. Remind me – what is this case all about? The case centres on whether the government can trigger Article 50 without first getting approval [...]
Competition for football rights set to eat into Sky’s profits January 22, 2017 Sky is set to report a 10 per cent drop in profits on Thursday, according to a forecast by investment firm UBS. The broadcaster is expected to announce a fall in pre-tax profits to £673m in the six months to December, due to the increased costs of its Premier League coverage. However, the UBS report also predicted [...]
The full transcript of Donald Trump’s inaugural address speech January 20, 2017 Donald Trump has been sworn in as the 45th President of the United States. Here's what he said. "Chief Justice Roberts, President Carter, President Clinton, President Bush, President Obama, fellow Americans and people of the world, thank you. "We, the citizens of America, are now joined in a great national effort to rebuild our country [...]
BT has hiked prices and scrapped free TV coverage of Premier League and European football January 20, 2017 Free Champions League and English top flight TV coverage will end from next season as the BT has revealed plans to start charging customers for its BT Sport packages. The telecoms giant has announced a raft of price increases across its line rental and broadband offerings so customers can enjoy what BT called a "better package [...]