Broadcast News

Bookmark and Share
06/08/2002

BskyB chief awarded huge share incentive

BSkyB chief Tony Ball has been awarded shares worth £3m, despite presiding over a £1.2bn annual loss and a fall in the group's stock price to its lowest level in more than three years.
Mr Ball, who received £8m from the company last year, has been awarded 558,220 shares, worth £3m at the current share price, under the satellite broadcaster's long-term incentive plan.
Finance director Martin Stewart has been awarded 279,110 shares, worth £1.5m.
The two men will be able to cash the shares in only if they hit aggressive performance targets over the next three years.
Up to 50% of the shares can be cashed from July 2004 and the balance from July 2005, provided that BSkyB has met the undisclosed targets.
Many analysts believe that BSkyB shares, which have fallen from 741p since the start of the year, are undervalued. Years of heavy investment and losses are expected to translate into the group's first profit in 2003 as the subscriber base reaches 6m.
Analysts say BSkyB needs to retain a management viewed as among the strongest in the media sector.
Results for the year ended June 30 2001, showing a £1.2bn pre-tax loss, were skewed by £1bn related to a failed investment in German pay-TV group Premiere, rising sports rights costs and set-top box giveaways.
If, in the next three years, BSkyB shares return to the 830p they traded at as recently as March, the value of Mr Ball's shares would be £4.6m and Mr Stewart's £2.3m.
At their peak, during the 'dotcom' boom, the shares topped £21.
(GB)
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

23/08/2023
Danmon Group To Focus On Media Technology Advancement
Danmon Group will promote its expertise in the broadcast, governmental, educational and corporate sectors at IBC 2023. Exhibiting on stand 8.B60, the
22/08/2023
bTV Media Group Invests In Automated Playout Servers
bTV Media Group has invested in automated playout servers from PlayBox Neo for integration into a disaster recovery facility at Plana Teleport located
26/02/2024
MBC GROUP's Shahid Named 'Best Digital Platform In Media'
Shahid, the world's leading Arabic streaming platform by MBC GROUP, has been named 2024's 'Best Digital Platform in Media' at the third edition of the
26/02/2024
Joe Myers Rejoins The Elenos Group
Broadcast Electronics, part of the Elenos Group, has announced that Joe Myers has rejoined the company as Eastern Regional Sales Manager for all compa
26/02/2024
SMPTE Joins Forces With IMF User Group
SMPTE® has joined forces with the Interoperable Master Format (IMF) User Group (UG), a worldwide forum for end-users and implementors of the IMF famil
21/02/2024
Emotion Systems Announces Partnership With CIS Group
Emotion Systems, the provider of practical solutions to real-world professional audio problems, has formed a new partnership with CIS Group. With exis
21/02/2024
Advanced Systems Group Strengthens Audio Team
Advanced Systems Group, LLC (ASG), a technology and services provider for media creatives and content owners, announces the appointment of audio indus
15/02/2024
Fuse Technical Group Selects Matrox Video
Matrox® Video today announced that multimedia system designer and integrator Fuse Technical Group chose Matrox Video's technology to drive SMPTE ST 21
09/02/2024
BBright Joins Forces With Hexaglobe Group
BBright has joined forces with Hexaglobe group to accelerate its development. This strategic move comes a decade after BBright’s inception, marking th
08/02/2024
Palmer Digital Group Wins Additional Digital Menu Board Business
Palmer Digital Group has won additional digital menu board business with iconic ice cream shop Rainbow Cone, a Chicagoland institution since 1926. Fol
06/02/2024
9 Story Media Group Acquires Portfolio Entertainment's Slate
9 Story Media Group has acquired Portfolio Entertainment's library, production slate and development projects. Portfolio Entertainment was founded in
22/03/2024
AVW Group Teams Up With Sencore
AVW Group has announced its exclusive distribution partnership with Sencore, the renowned provider of premium video delivery solutions. This partnersh
20/03/2024
Pikolo Systems Group Teams Up With Actus Digital
Pikolo Systems Group has entered into a strategic partnership with Actus Digital (Actus) to streamline and increase engagement for broadcast operation
11/10/2023
Riedel Hires Three New Engineering Specialists
Riedel Communications has announced that it has hired three new engineering specialists focused on its live video production products: Brett Stoneham,
08/03/2023
Atomos Awarded 'Innovation Of The Year 2022'
Atomos has announced that its Sapphire 8K Global Shutter Sensor has been awarded the 'Innovation of the Year 2022' Lucie Technical Award. These awards