Virgin Media Profits As On-Demand Viewing Grows

UK pay-TV and broadband telco Virgin Media clocked its first annual profit in 2011, as its TV set top boxes continued to be an engine of video on-demand viewership.

For the year, the company swung to a £75.9 million net income from a £141.4 million loss a year earlier, as annual revenue rose three percent to £4 billion.

Virgin doubled sign-ups to its new TiVo (NSDQ: TIVO) PVR, now at a total 435,000 - but, though it increased its TV subscribe base between October and December, it lost 0.4 percent of its TV subscribers compared with the previous ...

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