BSkyB hands out £1bn, board backs James Murdoch

BSkyB, which is 39 per cent-owned by Rupert Murdoch's media empire News Corp, coughed up £1bn to investors today and threw its full support behind its embattled chairman James Murdoch. The company reported a 16 per cent rise in full-year revenue this morning at £6.45bn, compared with £5.7bn at the end of June 2010. Operating …

[Anonymous Coward]

Average revenue per user ...

... will tumble if there are further benefit cuts.

[TeeCee]

Let me guess how that went.

"All those in favour of Mr Murdoch staying in charge? Great, that's unanimous then. You, you and you however were a bit on the slow side in raising your hands. Door's thattaway and we'll get security to toss your belongings onto the street..."

[Captain Scarlet]

erm

Can't see it like that without a cash incentive try:

"All those in favour of Mr Murdoch staying in charge

......

All those in favour of Mr Murdoch staying in charge and getting a wedge of cash

*Everyone agrees and congratulates themselves*"

[louis walsh's toilet]

sky broadband - your thoughts?

cos when i used it last, it was capped at 2Mbit/sec and didn't even get near that.......i suppose jo public still sees the package as a 'bargain'......

[Code Monkey]

Joe Public

Joe Public will do what Sky tells it to do.

[PsychicMonkey]

how far from the exchage are you though?

I've been on sky broadband for the last 4 years, originally I got about 3meg, but this was due to the distance from the exchange. Now having moved house I get around 7meg which again is dictated by the exchange distance. The broadband was switched on the day I moved in as well.

Overall very happy with it, no traffic shaping or limits either unlike a lot of the other players.

[mamsey]

Seems excesive...

... to move house just to get better broadband speed.

[Magnus_Pym]

How much?

They average £539 a year from their subscribers. £45 per month. Wow.

[Code Monkey]

Re: How much?

Jeez. That's 3 decentish nights down the pub, which I'd much rather do.

Telly's the enemy, Sky TV doubly so.

[PsychicMonkey]

I'd love to go to the pub

but with youngs kids life tends to lead towards the telly rather than the pub.

[Code Monkey]

@PsychicMonkey

I study after work so telly's constantly threatening to distract me. The pub's much, much better but less of a temptation as it's a 10 minute walk to a decent one. BTW are we related? ;o)

[Anonymous Coward]

Cancelled and switched to Freeview.

'Tis no sin to cheat the devil.

- Daniel Defoe

[b166er]

How sad

Indeed, my father was debating the cost of getting one of those new fandangled flat television sets, when I pointed out he spends the £600 the TV would cost YEARLY on watching Murdoch's drivel.

I mean, they don't even know who Louise Boat is :D

Fancy paying £600pa and then watching adverts as well. He may be a cunt, but he's certainly a businessman. (Obviously the 2 aren't mutually exclusive) Maybe I'll spend the £600pa on shares.

[Anonymous Coward]

And since they're doing so well

Perhaps they'd like to start paying some tax on their income?

[John Smith 19]

@Mike Richards

"Perhaps they'd like to start paying some tax on their income?"

Oh now come on old boy that's a bit harsh.

Paying taxes as *well*.

Besides, Junior's probably started putting a bit aside in case of any "unexpected" legal bills due to practices that *might* come to light (but which he was *wholly* unaware of) while running his part time job at News International.

[The Indomitable Gall]

The important question....

If they've bought back shares, doesn't this change the percentage ownership? I mean, Newswhatever owns 39% of all shares, but if BSkyB owns shares in itself, then they don't have 100% of shares on the public stock market, and sure Murdoch senior effectively owns more than 40% now...?