You will be redirected back to your article in seconds

Buys boosts NTL profit for 4th qtr.

Quarter sales double to $493.4 mil

LONDON — NTL, the U.K.’s biggest cabler, has posted a profit of $124.3 million for the final quarter of 1999, up from a loss of $172.1 million the previous year.

The boost has much to do with NTL’s recent acquisitions. Sales in the quarter almost doubled to $493.4 million from the year-earlier period’s $262.4 million.

Last year, the company picked up cable networks in Ireland, France and Switzerland. NTL has also agreed to take over the TV business of Cable & Wireless Communications, a deal that will up NTL’s subscriber count from 1.8 million to around 3 million, once regulatory approval is received.

Full-year loss

For the full year ending Dec. 31, however, NTL posted a loss of $732.7 million on sales of $1.58 billion. The previous year’s loss was $503.9 million on sales of $747 million.

Nevertheless, NTL has also unveiled upbeat penetration figures.

In its old franchises, NTL is now in 48% of the households that can take its services. Including all franchises, the average is 40%.

More Biz

  • Jack Ma, Alibaba

    China-U.S. Tariff Battle Spells Long Term Pain for Entertainment

    LONDON — NTL, the U.K.’s biggest cabler, has posted a profit of $124.3 million for the final quarter of 1999, up from a loss of $172.1 million the previous year. The boost has much to do with NTL’s recent acquisitions. Sales in the quarter almost doubled to $493.4 million from the year-earlier period’s $262.4 million. […]

  • 'Ah Boys To Men: Frogmen"

    Visual Effects Firm Vividthree Heads for Singapore IPO

    LONDON — NTL, the U.K.’s biggest cabler, has posted a profit of $124.3 million for the final quarter of 1999, up from a loss of $172.1 million the previous year. The boost has much to do with NTL’s recent acquisitions. Sales in the quarter almost doubled to $493.4 million from the year-earlier period’s $262.4 million. […]

  • George Ezra plays to a huge

    Ticketmaster Accused of Colluding With Scalpers

    LONDON — NTL, the U.K.’s biggest cabler, has posted a profit of $124.3 million for the final quarter of 1999, up from a loss of $172.1 million the previous year. The boost has much to do with NTL’s recent acquisitions. Sales in the quarter almost doubled to $493.4 million from the year-earlier period’s $262.4 million. […]

  • Ashley Judd Harvey Weinstein

    Judge Allows Ashley Judd to Pursue Weinstein Blacklisting Suit

    LONDON — NTL, the U.K.’s biggest cabler, has posted a profit of $124.3 million for the final quarter of 1999, up from a loss of $172.1 million the previous year. The boost has much to do with NTL’s recent acquisitions. Sales in the quarter almost doubled to $493.4 million from the year-earlier period’s $262.4 million. […]

  • DAVE BARRETT OBIT

    CBS News Radio Reporter Dave Barrett Dies at 63

    LONDON — NTL, the U.K.’s biggest cabler, has posted a profit of $124.3 million for the final quarter of 1999, up from a loss of $172.1 million the previous year. The boost has much to do with NTL’s recent acquisitions. Sales in the quarter almost doubled to $493.4 million from the year-earlier period’s $262.4 million. […]

  • Donald Trump

    Trump Powers Boom Time for Book Publishers

    LONDON — NTL, the U.K.’s biggest cabler, has posted a profit of $124.3 million for the final quarter of 1999, up from a loss of $172.1 million the previous year. The boost has much to do with NTL’s recent acquisitions. Sales in the quarter almost doubled to $493.4 million from the year-earlier period’s $262.4 million. […]

More From Our Brands

Access exclusive content