Struggling German pay TV broadcaster Premiere AG said it expects no subscriber growth for at least four months after worse-than-expected 2008 results as it prepares to tap shareholders for fresh funds.

The live broadcast rights holder for football games from Germany’s top league posted a wider-than-expected fourth-quarter loss and forecast more losses for the whole of 2009. Premiere, whose largest shareholder is News Corp, said it hoped a new marketing drive would help to win customers again in the third quarter. It reported a Q4 net loss of E114.3 million compared to E23.5 a year ago.

Premiere, the only pay-TV outlet in a country with more than 30 free channels, had 2.39 million direct subscribers at the end of 2008, down from 2.53 million a year earlier.

……….

Other posts by :

1. SpaceX launches 600th rocket
2. Starlink: 10m customers and counting
3. SES predicts end of ‘big’ Geo satellites
4. Amazon Leo gets approval for 4,504 extra satellites
5. SpaceX gets a portion of India
6. TerreStar wants to build LEO network
7. Musk: “No Starlink phone”
8. Russia accused of eavesdropping on satellites
9. FCC welcomes Musk’s 1m satellite plan

Categories: Articles, Broadcast, Pay TV