You are here: Home - Household Bills - News -

Rupert and Richard fall out over Sky-high prices

Written by:

Customers of Virgin Media (prop. Richard Branson) have had some of their BSkyB (prop. Rupert Murdoch) channels withdrawn after a row between the two companies about pricing led to stalemate.

The broadcasters were working to a midnight Wednesday deadline to arrive at a deal that would have permitted cable firm Virgin Media to carry on showing the basic Sky channels.

Virgin Media accused Sky of overpricing and raising its customer charges to a high level, while Sky responded by claiming that its price hikes were justified.

In a bid to claim the moral high ground, Virgin Media said that it had made “continued efforts” to resolve the issue but that its rival had refused an offer of independent arbitration.

Virgin Media chief executive Steve Burch said: “We’re disappointed but not surprised by this outcome.

“Nothing Sky has said or done in the course of this negotiation indicates that they have the slightest interest in doing a commercially viable deal with us.”

Virgin Media customer John Parker told Your Money that he was furious with both the companies for depriving him of viewing for which he has paid already.

“What a mess these two supposedly professional firms have got into,” he said. “I really enjoy the Sky channels, which is the main reason I signed up with Virgin Media. Now I can’t get any of them and I wish I hadn’t bothered with it at all.”

Virgin Media also revealed that it lost 37,000 customers in the last three months of 2006, although revenues remained ahead of target at £1.08bn.




Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Small council tax rises ‘still too much for some’

Council tax, the UK investment by which local authorities raise revenue for local spending on statutory and voluntary services, will rise...