Virgin Media Sees Storm Clouds Lifting

12 June 2007

LONDON: UK cable provider Virgin Media has revised up its forecast for television subscription for the second quarter, following a troubled three months that has seen the withdrawal of satellite giant BSkyB's basic channels from its platform.

Virgin - known as NTL-Telewest until its rebrand in February - says subscriber growth in April and May was stronger than expected despite the bitter Sky dispute [WARC News: 13-Apr-07] about carriage fees.

The fall in subscribers in Q2 is believed to have been about 40,000. But Virgin Media ceo Steve Burch believes the company has "weathered the storm" and is looking to a better second half.

He adds: "We will have growth in subscriptions across the board - in TV, broadband, telephone and contract mobile."

Data sourced from Financial Times online; additional content by WARC staff