Sky Italia holds steady

November 7, 2013 11.23 Europe/London By Julian Clover

Sky Italia HeadquartersSky Italia maintained its subscriber base in the second quarter on 4.76 million subs.

The 21st Century Fox company benefitted from a reduction in programming costs following the expense of the 2012 London Olympics.

The DBS segment generated a quarterly OIBDA (operating income before depreciation and amortization) of $190 million, compared to $95 million in the corresponding quarter.

Revenue increased $562 million versus the same period a year ago, reflecting the inclusion of revenue from Sky Deutschland, where Fox now holds a majority stake. Sky Deutschland grew net direct subscribers by approximately 76,000 during the quarter.

Sports channels in Latin America and India were largely responsible for growth of 40% within Cable Network Programming.