Sky Deutschland: Larger loss expected
February 22, 2011
By Chris Forrester
German DTH pay-TV operator Sky Deutschland is reportedly expected to make an even larger fourth-quarter loss than a year ago. Sky Deutschland’s numbers will be revealed on Thursday.
A Reuters poll of bankers, including Morgan Stanley and Goldman Sachs, shows a forecast loss for Sky-D of €95 million ($129.9m) compared with a loss of €81.6 million for the same quarter a year ago.
A few days ago CEO Brian Sullivan spoke enthusiastically about pay-TV’s prospects in Germany, and in particular the German appetite for high-definition TV. Innovations such as the availability of Sky’s German programming on iPads and iPhones will also kick in during this current year