Sky Television Plc - Financial Turnaround

Financial Turnaround

The early years of the merged BSkyB saw a haemorrhage of cash from News Corporation funds. At this stage of the company's life it was losing millions of pounds a week. To help turn around the financial fortunes of the company, New Zealand television executive Sam Chisholm was brought on board to manage the day-to-day operations and build the subscriber base, and the company moved into profit.

Read more about this topic:  Sky Television Plc

Famous quotes containing the word financial:

    Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.
    Augustus Y. Napier (20th century)