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Pay-TV giant BSkyB scores lower profits

British pay-TV group BSkyB announced a drop in half-year net profits Thursday as higher costs linked to coverage of live English Premier League football offset rising revenues. BSkyB said profit after tax fell almost 16 percent to £411 million ($678 million, 500 million euros) in the final six months of 2013 compared with the equivalent period in 2012. The group's financial year runs from July to June. The company which also offers broadband Internet and telephone services said total revenues jumped 7.6 percent to £3.75 billion in the reporting period.

Pay-TV giant BSkyB scores lower profits

British pay-TV group BSkyB announced a drop in half-year net profits Thursday as higher costs linked to coverage of live English Premier League football offset rising revenues. BSkyB said profit after tax fell almost 16 percent to £411 million ($678 million, 500 million euros) in the final six months of 2013 compared with the equivalent period in 2012. The group's financial year runs from July to June. The company which also offers broadband Internet and telephone services said total revenues jumped 7.6 percent to £3.75 billion in the reporting period.

Facing stiffening competition, Murdoch's BSkyB secures deal with HBO in UK

LONDON - British Sky Broadcasting PLC sought Thursday to secure its base against its insurgent rival BT PLC by securing some sports rights and a long-term deal with U.S. pay-TV network Home Box Office. The satellite broadcaster, whose biggest shareholder is Rupert Murdoch's 21st Century Fox Inc., said it had secured six long-term rights deals in six sports, including the 2017 rugby tour to New Zealand by the British and Irish Lions and Scottish Cup soccer.

Pay-TV giant BSkyB reports 7% increase in net profits

British pay-TV firm BSkyB said Thursday that net profits rose seven percent in the first nine months of the group's financial year on the back of rising subscriber revenues, and despite the difficult economic climate. Earnings after taxation increased to £736 million ($1.15 billion, 868 million euros) in the nine months to the end of March, compared with £689 million in the same part of its previous fiscal year. Group revenues advanced six percent to £5.381 billion.

Pay-TV giant BSkyB reports 10% rise in first-half profits

British pay-TV giant BSkyB said on Thursday that net profits advanced ten percent in the first half of its financial year, as the group bucked tough trading conditions with keen demand for its products. Profit after tax rose to £487 million ($771 million, 569 million euros) in the six months to December, compared with £441 million in the first half of its 2011/12 financial year, BSkyB said in a results statement. Group revenue meanwhile swelled by five percent to £3.533 billion in the reporting period.
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