Paul Korda . com - The Web Home of Paul Korda, singer, musician & song-writer.

International Entertainment News

Friday, June 08, 2007

Virgin Media Forecasts Stronger TV Performance in Second Quarter - Expects Return to Overall Customer Growth in Second Half of 2007

Virgin Media Forecasts Stronger TV Performance in Second Quarter - Expects Return to Overall Customer Growth in Second Half of 2007

LONDON, June 8/PRNewswire-FirstCall/ -- Following a better-than-expected TV subscriber performance during April
and May, Virgin Media (NASDAQ: VMED) announced today that it expects TV net
additions to be roughly flat in the second quarter of 2007. This revises the
guidance provided in our first quarter results announcement on May 9, when we
forecast negative TV subscriber growth due to the withdrawal of Sky's basic
channels from the Virgin Media TV platform.

This is due in significant part to the wide ranging mitigating actions we
have taken. We have also benefited from reinvigorated communications and
marketing, growing customer recognition of the value of our video-on-demand
content and the inherent appeal of the new Virgin Media brand.

We expect that a series of new and highly competitive consumer
propositions exploiting Virgin Media's unique quad-play capability will help
to drive new fixed line telephony and overall subscriber additions. As a
result, while we continue to anticipate negative telephony and overall net
additions in the second quarter, we expect a return to subscriber growth in
the second half of the year.


Contacts

Investor Relations

Paul Rushton: +44-(0)-20-7299-5353
paul.rushton@virginmediatv.co.uk

Media

M: Communications
Lisa Gordon: +44-(0)-20-7153-1548
Nick Fox: +44-(0)-20-7153-1540

Source: Virgin Media

Contacts: Investor Relations, Paul Rushton, +44-(0)-20-7299-5353, paul.rushton@virginmediatv.co.uk; Media, M: Communications, Lisa Gordon, +44-(0)-20-7153-1548; Nick Fox: +44-(0)-20-7153-1540


-------
Profile: intent

0 Comments:

Post a Comment

<< Home