Media In The City: BSkyB Announces Revenue Increase

Last week saw a flurry of financial activity as several companies released their results, with BSkyB and BT amongst them.

BSkyB announced that its full year revenue increased by 10% to £4.5 million, with an annual operating profit of £815 million (Full Story), whilst BT’s first quarter results showed that its revenue was up 3% to £5 million (Full Story).

Havas, the sixth-largest global advertising and communications group, reported organic revenue growth of 4.4% for the first half of the year (Full Story).

Omnicom Group said that its net income for the second quarter increased 13.4% to $276.7 million (Full Story), whilst Publicis Groupe reported an organic growth rate of 0.2% for Q2 (Full Story).

Meanwhile, at the start of the week, Emap sold 50% of its music television business to Channel 4 for £28 million (Full Story) before launching a review of its structure and portfolio of assets, saying that “all options to maximise shareholder value will be examined, including a possible sale or demerger of some or all of its constituent businesses” (Full Story).

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