Sharewatch: BSkyB Wavers On Succession Concerns
BSkyB was seen in the spotlight yesterday, up 0.49% as traders continued to show unease at Rupert Murdoch’s controversial succession plans following the departure of chief executive, Tony Ball (see BSkyB Allows Terrestrial Channel To Show England Match).
However, on a brighter note, it is understood that the satellite group is planning to announce that it has reached 7 million subscribers three months ahead of schedule when it celebrates the fifth anniversary of Sky Digital on Wednesday.
Elsewhere, Capital Radio was seen steady at 497˝p. However, the stock is set for turbulent a time today following news that Chris Tarrant is to leave the breakfast show next spring (see Capital Confirms Tarrant Is To Leave Breakfast Show).
Broader market sentiment was mixed yesterday as traders held back ahead of the forthcoming corporate earnings season. The rising price of oil also weighed on markets amid continued short-covering following Opec’s surprise cut in output targets.
The closing prices of media company shares on Monday were:
