Eurocardsharing

Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Info Setanta to dump retail pay-TV? at General Satellite News forum; Setanta to dump retail pay-TV? Chris Forrester Setanta, the Irish pay-TV sports broadcaster, is reportedly looking to dump its retail ...

Reply
 
LinkBack Thread Tools Display Modes
Info Setanta to dump retail pay-TV?
Old
  (#1)
Bacteria
Administrator
 
Bacteria's Avatar
 
Offline
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 100953
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 36
Thumbs up Info Setanta to dump retail pay-TV? - 03-June-2009, 14:10

Setanta to dump retail pay-TV?

Chris Forrester

Setanta, the Irish pay-TV sports broadcaster, is reportedly looking to dump its retail operation and turn itself into a wholesale supplier of sports coverage.

The report, carried in the Financial Times, but using an Enders Analysis note on Setantas cash crisis, says that the upcoming (English) Premiership season is going to be extremely difficult for Setanta. The broadcaster has lost 50% of its current TV Premiership rights, and Enders suggests that the lack of Premiership coverage will only add to Setantas losses, stated as 100m ($164m) a year. Setanta has some 1.1m subs, but Enders says it needs 1.9m to break even.

Setanta has spent the past few months attempting to raise fresh cash stated at 100m - or to sell a portion of itself to the likes of ESPN.

Enders says: On balance, we believe that the switch to a wholesale-only model leaves Setanta with a fighting chance, and it is vital it happens quickly. The proposal would see Setanta withdraw from its retail model, and in its place expand its wholesale operation. Enders suggests that Setanta could save some 50% of its current operating expenses. The sum total of 125m in annual cost savings by 2011 comfortably exceeds the current estimated annual operating loss of 90m in Setantas UK operation.

What is crucial here is the response it gets from BSkyB. Only BSkyB has the muscle to promote and sell a retail sports offering to its 9m-plus subscriber base.

Yesterday, June 2, it was reported that Setanta had defaulted on a 3m routine payment to the Scottish Premier League


Regards,

www.eurocardsharing.com
   
Reply With Quote
The Following User Says Thank You to Bacteria For This Useful Post:
ozfromcuba (04-June-2009)
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump



ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Dreambox