Cash rolls in for BSkyB as it reveals full-year profit of £1.073bn

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BSkyB continues to produce eye-watering and recession-defying financial figures – reporting operating profit for the year to the end of June up 23 per cent to £1.073bn on revenue up 16 per cent to £6.597bn.

It now claims 10.3m customers – so that’s an income per customer of more than £600. No wonder Rupert Murdoch was so keen to acquire the 61 per cent off it which he does not already own.

This morning’s results announcement reveals that News Corp has already paid the£38.5m break fee for abandoning its bid.

Amid all the furore over plurality of news provision caused by Murdoch’s BSkyB bid it is strange that BSkyB’s monopoly on paid-for-view sport – especially Premiership football – does not cause more comment. It is clearly now a licence to print money for the TV giant.

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