Broadcaster BSkyB Reveals Rights To Premier League Matches Will Hurt Margins
BSkyB said that the costs to acquire broadcast rights to air EPL games "may affect margins next year," according to Thomson & Schweizer of BLOOMBERG. BSkyB "won the bidding in June" to show 116 matches starting in the '13-14 season, while BT won 38 matches. The sale raised £3.02B ($4.8B). BSkyB CFO Andrew Griffith said, "There’s clearly a little bit of discontinuity with the Premier League. There a step uplift next year, and then it’s amortized over the next few years" (BLOOMBERG, 11/14).