Sogecable record revenues despite subscriber losses

Pay-platform Digital Plus increased its EBIT 34.6 per cent to €237.8m, but saw a 30,000 year-on-year drop in subscriber numbers to 2.035 million subscribers. In the last quarter, subscribers fell by 26,000, although ARPU increased to €44.5 a month, up from €41.7 the previous quarter.

Sogecable’s free-to-air channel Cuatro increased revenues by 13.7 per cent and reached an average audience share of 8.6 per cent in 2008, up from 7.7 per cent in 2007.

Talks over a €2.5 billion sale of Digital Plus have stalled after prospective buyers Telefónica and Vivendi refused to move beyond €2 billion.