Sky TV profits up, APN suffers losses, and Fairfax not doing so well

  • Media
  • February 22, 2013
  • StopPress Team
Sky TV profits up, APN suffers losses, and Fairfax not doing so well

Sky TV's first half profit up on the back of MySky subscribers

Sky TV's posted a half year profit ending December 2012 of $68.2 million, up by 9 percent from the previous year according to BusinessDesk.

Sky's subscriber numbers remain steady at just under 850,000, but the number of MySky subscribers who pay a premium for the product rose by 28 percent to 424,000. 

APN suffers major losses and weak earnings

According to the NBR, Australian-owned APN News & Media posted a loss of AUD$455.8 million, while revenues in Australia and New Zealand fell by 13 percent to $929 million.

This news comes amidst a leadership reshuffle which saw the company's head, Brett Chenoweth, resign.

Fairfax whittling away at its profits

Looks like further bad news in media land, Fairfax Media's profits fell by 39 percent across the group, which operates in Australia and New Zealand.

According to the Australian, Fairfax posted a profit of $83 million compared to $135.7 million the previous year. 

Chief exec Greg Hywood says further asset sales, like that of Trade Me earlier this year, is unlikely.

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