Earnings: BSkyB Q3 Profit Knocked Down By Broadband, Other Costs

As expected, BSkyB’s profits for the three months to September 30 dropped 28 percent, with BSkyB (NYSE: BSY) blaming its battle for the broadband market (and especially with Virgin Media), higher marketing costs, a lawsuit with EDS, and the cost of Premier League soccer rights for the decline. Net income fell to £84 million from £116 million a year earlier. In the FT, analysts questioned whether the levels of investment were too high for the company

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