News Broadcasting
BSkyB 3Q net up by 8 per cent to $277.5 million
MUMBAI: British Sky Broadcasting Group (BSkyB) has reported an 8 per cent increase in the third quarter net profit. The company said net profit for the three months ended 31 March rose to 151 million pounds ($277.5 million), from 140 million pounds a year ago.
BSkyB revenue went up by 11 per cent to 1.06 billion pounds ($1.9 billion). The company also revealed a steep drop in subscriber growth ahead of the launch of new products later this year.
The company said it recorded net subscriber growth of 40,000 in the quarter, significantly less that the 95,000 increase in “direct-to-home” customers in the first quarter of 2005. Analysts had predicted growth of 30,000 to 50,000 new subscribers.
The broadcaster now has 8.1 million subscribers, it has a target of 10 million by 2010, and forecasts adding 600,000 in the final quarter of this year following the rollout of new products.
BSkyB chief executive James Murdoch said, “The business is performing well and is delivering on the plan we laid out for 2006. Our focus during the quarter was to successfully implement our new customer management systems, complete the final preparations for the launch of Sky HD, and continue to ready the business for the launch of residential broadband services in the summer. Operational achievements in the quarter were outstanding. We achieved our goals, continued to grow our customer base and increased the number of products they choose to take from us.”
News Broadcasting
BBC to cut up to 2,000 jobs in biggest overhaul in 15 years
Cost pressures and leadership change drive major workforce reduction plan
LONDON: BBC has unveiled plans to cut up to 2,000 jobs, roughly 10 per cent of its global workforce, in what marks its biggest downsizing in 15 years.
The announcement was made during an all-staff meeting led by interim director-general Rhodri Talfan Davies, as the broadcaster moves to tackle mounting financial pressures and reshape its operations.
Between 1,800 and 2,000 roles are expected to be eliminated from a workforce of around 21,500. The cuts form part of a broader plan to save £500 million over the next two years, aimed at offsetting rising costs, stagnating licence fee income and weaker commercial revenues.
In a communication to staff, BBC interim director-general Rhodri Talfan Davies said, “I know this creates real uncertainty, but we wanted to be open about the challenge,” acknowledging the impact the move would have across the organisation.
The restructuring comes at a time of leadership transition. Former director-general Tim Davie stepped down earlier this month, with Matt Brittin, a former Google executive, set to take over the role on May 18, 2026.
While some cost-cutting measures are being implemented immediately, the majority of the structural changes are expected to roll out over the next few years, with full savings targeted by the 2027–2028 financial year.
The broadcaster had earlier signalled its intent to reduce its cost base by around 10 per cent over a three-year period, warning of “difficult choices” as it adapts to shifting economic realities and audience expectations.
With operating costs hovering around £6 billion annually, the BBC’s latest move underscores the scale of the financial challenge it faces, as it balances public service commitments with the need for long-term sustainability in an increasingly competitive media landscape.
