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May 05, 2015 6:55 PM ET

Media

Company Overview of Virgin Media, Inc.

Company Overview

Virgin Media Inc. provides digital cable, broadband Internet, fixed-line telephony, and mobile services to residential and business-to-business customers in the United Kingdom. It offers cable products in various packages and tariffs. The company also provides high-speed broadband Internet services. As of December 31, 2014, it provided cable broadband services to approximately 4.5 million subscribers. In addition, the company operates a digital cable platform that includes access to approximately 260 linear television channels, interactive features, and various premium subscription-based and pay-per-view services. It provided digital cable services to approximately 3.8 million residential su...

12300 Liberty Boulevard

Englewood, CO 80112

United States

Founded in 1993

13,400 Employees

Key Executives for Virgin Media, Inc.

Chief Executive Officer
Age: 58
Chief Financial Officer
Age: 44
Interim Chief Operating Officer
Age: 43
Chief Executive Officer of Liberty Global and President of Liberty Global
Age: 51
Principal Accounting Officer, Vice President and Controller
Age: 53
Compensation as of Fiscal Year 2014.

Virgin Media, Inc. Key Developments

Virgin Media Launches On-Demand Content for UKTV Channels

Virgin Media has started offering on-demand content from the 10 UKTV channels to its M+ TV tier or above. The programming is available from the channels Dave, Watch, Alibi, Gold, Drama, Eden, Good Food, Home, Really and Yesterday, which will move under UKTV's new digital brand, UKTV Play, from early December and become accessible on the red button for one click access. Entire series of programmes such as Crackanory, Dave Gorman Modern Life is Goodish and David Attenborough's Natural Curiosities will be added to Virgin Media's library of Box Sets. Seven day catch-up episode will be available from programmes such as I Survived Evil on the Really channel and Monty Python's Best Bits on Gold.

Virgin Media Reports Earnings Results for the Third Quarter of 2014

Virgin Media reported earnings results for the third quarter of 2014. The company reported revenue up 2.3% to GBP 1.05 billion in the third quarter, compared with GBP 1.02 billion in the third quarter of 2013, driven by a February price increase for cable services and a rise in subscribers. Virgin Media reported a GBP 74 million operating income in the third quarter, compared to a GBP 46 million operating loss a year earlier. The improvement reflects a decrease in depreciation and amortisation, lower share-based compensation expense, and a reduction in impairment, restructuring and other operating items.

Virgin Media, Inc. Reports Preliminary Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Virgin Media, Inc. reported preliminary unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of GBP 1,054.4 million against GBP 1,026.7 million a year ago. Total capital expenditures were GBP 148.3 million against GBP 178.0 million a year ago. Generated operating income was GBP 39.4 million against GBP 66.7 million a year ago. Rebased OCF increased by 6% in second quarter to GBP 459.0 million against GBP 427.1 million a yea ago. For the six months, the company reported total revenue of GBP 2,098.2 million against GBP 2,069.2 million a year ago. Net debt was GBP 8,104.4 million. Total capital expenditures were GBP 313.9 million against GBP 351.7 million a year ago. Generated operating income was GBP 58.1 million against GBP 216.6 million a year ago. Rebased OCF increased by 6% in six months to GBP 903.8 million against GBP 844.0 million a year ago. Looking forward, the company expects third quarter of 2014 OCF to be sequentially lower than second quarter, impacted by seasonal trends, incremental costs related to sponsorship of the Commonwealth Games in Glasgow, the beneficial impact of a nonrecurring reduction to second quarter programming costs mentioned above and a full quarter of impact in third quarter of 2014 from the change in VAT legislation.

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