ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NWSA Stock Price » NWSA Stock News

News Share News

 News (mm) Stock Price
NWSA Stock Price
 News (mm) Stock Chart
NWSA Stock Chart
 News (mm) Stock News
NWSA Stock News
 News (mm) Company Information
NWSA Company Information
 News (mm) Stock Trades
NWSA Stock Trades

BSkyB Loses Sports Channel Prices Appeal

By Lilly Vitorovich LONDON--British Sky Broadcasting Group PLC (BSY.LN) Wednesday lost its appeal against a 2010 regulatory ruling that said the U.K. pay-television operator must charge rivals less for its premium sports content than it originally wanted. BSkyB had appealed to the Competition Appeals Tribunal--which hears appeals against competition-law decisions by the Office of Fair Trading, the Competition Commission and sector regulators---to overturn a ruling by the nation's communications regulator Ofcom. The tribunal published Wednesday's ruling in a 16-page document on its website. In March 2010, Ofcom ruled that BSkyB--which produces and airs the vast majority of Premier League soccer games on its pay-TV service in the U.K.--must allow its rivals to buy its premium sports channels, Sky Sports 1 and 2, at a lower price. Its competitors, which include Virgin Media Inc. (VMED.LN) and BT Group PLC (BT.A.LN), buy the sports content to show on their own services. Officials at BSkyB, Virgin Media, and BT Group weren't immediately available for comment. Ofcom said BSkyB, the U.K.'s biggest pay-television operator by revenue, had exploited its market power in the sector by restricting the distribution of its premium sports channels to rival pay-TV providers. Ofcom's decision triggered a price war that brought down the cost of watching televised sport in the U.K. BSkyB held exclusive U.K. broadcast rights to the Premier League matches until 2006, when the European Commission opened up the bidding process after ruling that a single broadcaster couldn't hold all of the rights. But by then, BSkyB had amassed a large customer base in the U.K., which currently stands at 10.6 million customers. In June, BSkyB spent 2.28 billion pounds ($3.57 billion) to secure the bulk of the U.K. broadcast rights for another three years, starting from 2013. That was well over a third higher than the GBP1.62 billion it paid at the previous rights auction in 2009. The remaining rights were bought by U.K. telecommunications operator BT, whose pay-TV product BT Vision competes against BSkyB, for GBP738 million. In March 2010, Ofcom said BSkyB must cut the price that it charges a rival for a single sports channel by 23% to GBP10.63 per subscriber per month. The price for both channels, Sky Sports 1 and 2, fell around 11% to GBP17.14. BSkyB counts News Corp. (NWS) as its biggest shareholder with a 39% stake. News Corp. also owns this newswire and The Wall Street Journal. BSkyB shares closed 1 pence higher at 743 pence Wednesday, valuing the company at GBP12.41 billion on the London bourse. Write to Lilly Vitorovich at lilly.vitorovich@dowjones.com; Twitter: @LillyVitorovich Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for News (NWSA)
DateTimeHeadline
10/28/201418:10:29HBO to Lay Off 7% of Employees
10/14/201402:40:08REA Group Sells Hong Kong Unit to iProperty Group
10/07/201409:30:10Wall Street Journal and Absolute Strategy Unveil New Economic...
09/30/201416:41:17MARKET SNAPSHOT: U.S. Stocks Limp Into October
09/30/201413:01:03MARKET SNAPSHOT: U.S. Stocks Rebound; Dow Flat Over Month
09/30/201410:26:25MARKET SNAPSHOT: Weak Housing Data Helps Push U.S. Stocks Lower
09/30/201407:18:21MARKET SNAPSHOT: U.S. Stocks: Futures Up Ahead Of Home Prices...
08/08/201412:52:02U.S. Hot Stocks: Hot Stocks to Watch
08/07/201422:20:35Australia's REA Group Profit Jumps
07/27/201422:20:14Fox's Bid for Time Warner Includes Voice on the Board
07/25/201406:05:48U.K. Equities Take the Limelight in European Markets
06/25/201416:19:36U.K.'s Cameron Faces Questions Over Coulson
06/19/201411:55:14New London Silver Fix to Be Decided in July
06/13/201413:54:14LME, Others Vie to Replace London Silver Fix
06/09/201419:52:18Chase Carey Agrees To 2-Year Extension With 21st Century Fox
06/03/201412:10:08U.S. Goes Back to Publishers on Prices
05/12/201412:58:01BSkyB Confirms Pay-TV Talks With 21st Century Fox -- 7th Update
05/12/201411:48:34BSkyB Confirms Pay-TV Talks With 21st Century Fox -- 6th Update
05/12/201404:30:07BSkyB Confirms 21st Century Fox Talks
05/12/201403:13:31BSkyB Confirms Pay TV Talks With 21st Century Fox -- 2nd Update

News and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad