Sky continues to prosper announcing revenues that are up 9% and more importantly increases in subscribers up 92,000 at 8.98m.This in turn puttng 115on subscription revenues for the period.
Sky's CEO Jeremy Darroch said after the results
"We have continued to grow strongly in a more difficult consumer environment. More customers are choosing Sky for a broader range of products and are staying with us for longer," While there is much uncertainty around the consumer environment, there remains good headroom for profitable growth in our core sectors. We are well equipped to meet customers’ demands for quality, choice and value; and we have a strong financial model to deliver growth and returns."
Over at Trinity Mirror meanwhile its half year revenues fell 8% based on plumetting advertising revenues.However it operating losses were trimmed back due in mai to the stringent costcutting across the companies 100+ locala nd regional papers.
Its Ceo Sly Bailey saying
The numerous actions we took during the period to reduce our costs and improve our efficiency, product portfolio and balance sheet have served to partially offset the impact of the serious downturn in advertising expenditure being experienced by consumer-facing media businesses.”
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