Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.

Sky profits surge despite drop in new subscribers

BSkyB underlined its financial strength with a 28% surge in profits, but the pay-TV giant is facing growing pressure on subscriber numbers because of the economy and internet rivals.

Sky added only 40,000 new TV subscribers in the three months to December, against 140,000 a year earlier. Revenues rose only 6% in the past six months to £3.36bn. But pre-tax profits jumped to £597m, thanks to improved margins. However, in a sign of how Sky may fear online rivals such as Net Flix and LoveFilm, it announced a cut-price internet-only TV service. Sky's shows will be available online or via a games console on a pay-per-programme or monthly basis — instead of signing up as subscribers.