Thursday, April 19, 2007

Pay TV converts boost Austar profits

Strong subscriber growth has boosted Austar’s first quarter performance, and the regional pay TV company is considering handing back as much as $300 million to shareholders.

Chief executive John Porter said new programming, particularly sport, helped lure 18,234 new subscribers in the quarter, 14,549 of them residential — a doubling on the first quarter of calendar 2006.

He said the AFL was not the only drawcard, with Monday night NRL a massive ratings success, along with shows such as the long-running serial, The Young and The Restless.

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