Sky Italia’s Profits Soar
Sky Italia, the Italian DTH operator owned by News Corp., had 4.2 million subscribers by the end of June, News Corp. reported Aug. 8. Sky Italia added nearly 370,000 subscribers, second in Europe only to U.K. DTH operator BSkyB over the same period.
Sky Italia’s financial numbers were also notable. The company reported fourth quarter operating income of $155 million, for an increase of $71 million or 85 percent compared to a year ago. Its full-year operating income was $221 million, growth of $182 million over the $39 million reported a year ago.