Virgin and Sky in talks (again)
Friday, May 9th, 2008Even more talks
It turns out that TV rivals Sky and Virgin Media have been having more talks concerning the return of the missing channels to the cable platform. Virgin Chief Executive Neil Berkett told Reuters that administrative changes played a part in the discussions; “It’s fair to say that with a change at the top of both organizations, there is a dialogue and there’s no sort of emotional legacy that would hold us back,” he said yesterday.
Last year, Neil Berkett stepped into the shoes of Steve Burch, and James Murdoch stepped down from the top spot, allowing Jeremy Darroch to take the reins.
Virgin Media have another reason to be cheerful - churn has fallen significantly in the last quarter, with the rate falling to 1.2 per cent during the first three months of 2008 - in Q2 of last year, this rate peaked at around 1.8 per cent.
Virgin Media also added a net figure of 4,900 new cable customers - its third successive quarter of customer growth despite the seasonally-quieter post-Christmas period.
