Tuesday, August 24, 2010

Sky Rules when it comes to Sports

When it comes to sports it is one of the major source of entertainment. Soccer, golf, tennis or cricket these are followed by many. With digital TV switchover concept kicking in the TV viewing choices have widened and the sports entertainment has become a niche. There are people who are ready to watch sports all day long in the form of news, live matches or even Sports TV shows.

The rising interest in sports viewing has got in a lot of competition. The TV service providers like BT, Virgin and Sky are battling it out and trying to attract as many customers as possible. But as far as the race to attract Sports enthusiasts is concerned Sky is the favorite.

The reasons are more than one; Sky offers maximum number of sports channels, it also gives its viewers Sky Sports News channel, which keeps them updated with sports news and events 24 hours a day. Sky customers can enjoy watching their favorite teams play in HD View and even 3D view.

There is no doubt that Sky gives sports lovers a treat with its wide choices of channels and high picture clarity and surround sound experience. But all this comes at a higher price and this is the reason a lot of people are switching to other providers. But experts say that though the low prices of other providers are attractive but the real sports entertainment addicts continue to be loyal to Sky for its quality content.

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Previous Post: News Corp stands by offer for BSkyB

Wednesday, August 11, 2010

News Corp stands by offer for BSkyB

News Corp, the enviable media company owned by James and Rupert Murdoch has offered to buy 61 percent of British Sky Broadcasting, an offer worth £7.8bn ($12.4bn) offer which was rejected at its outset by BSkyB.

In mid June, 2010, the directors of BSkyB demanded an offer of additional £1bn. Meanwhile both the parties have agreed to follow a regulatory approval for the deal before they finally agree on the price.

Speculations about the deal were abuzz especially when News Corp company results declared net profits in the quarterly results. These results revealed the strength of pay TV business which accounts for half o f the global media conglomerate’s operating income.

Mr. Chase Carey, deputy chairman of News Corp is of the opinion pay TV business is likely to grow substantially in the coming years. While Fox News leads the race by enjoying triple profits in the past years, many other international channels are likely to earn more than double profits in the coming years.

A cause of worry seem the Sky’s broadcast TV division especially Sky Deutschland, the struggling German satellite TV service of which News Corp already owns 45 per cent. News Corp has sought a refinancing offer for its shares which are worth €340m ($448m) at least.

On the positive side, in the year 2010 News Corp has enjoyed substantial increase in its operating income earned from big advertising revenue which otherwise declined in the year 2009

Keeping in mind the future scope of business, Mr Murdoch has plans to set up a digital business around tablet gadgets, he has been seriously considering diversifying into news segment which revolves around these tablets. Barry Fox, veteran electronics journalist and media pundit

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