Prepare to be wrong about Sky

Cheers among the chattering classes.

Prepare to be wrong about Sky.

When BSkyB shares dipped recently there was more than a little cheer among certain parts of the UK's chattering classes. For many, especially those on the liberal, intelligent left Sky's Murdoch links, anti-intellectual approach and opposition to the BBC makes them feel that their subscription, bought on the basis that football is, after all, the stuff of life, smacks of hypocrisy. And hell hath no fury as a middle-class liberal made aware of their own hypocrisy.

Sky's dominance as a sport broadcaster, its presence in pubs and bars (even the rough ones) and its almost sacrilegious pokes at the BBC do not win it many friends.

But strip away the schadenfreude and the share price movement was entirely predictable. The initial drop in share price after the results were released was obviously just a reflection of profit taking rather than an indication of weaknesses in the business. The results themselves highlight the strengths of BSB, not least a solid strategy in the face of a confused and complex media scene.

Sky's great strength is that is has a good share of a market that is comfortable with a monthly subscription and eager for cross-platform services and content. It already has 35 per cent of its customers buying into the cross-platform offer.

Younger consumers don't understand annual licences and have no more interest in maintaining the BBC, or any other traditional broadcast operator or news provider come to that, than they have in buying newspapers.

The BSkyB investment strategy does not have to take into account legacy services of the sort that will, for many of its rivals, become an ever greater burden.

BT's foray into sport broadcasting is much lauded and gets positive media attention - mostly for all the wrong reasons. However, it does show that BT is serious about becoming a media player. It is determined to offer content as well as technology and infrastructure. That said, Ian Livingstone has departed and BSkyB is not going to wait around while rivals try to catch up.

Photograph: Getty Images

Spencer Neal is a reformed publisher who now advises on media and stakeholder relations at Keeble Brown. He writes about the ironies and hypocrisies that crop up in other peoples' businesses. He is also an optimist.

Photo: Getty Images
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What do Labour's lost voters make of the Labour leadership candidates?

What does Newsnight's focus group make of the Labour leadership candidates?

Tonight on Newsnight, an IpsosMori focus group of former Labour voters talks about the four Labour leadership candidates. What did they make of the four candidates?

On Andy Burnham:

“He’s the old guard, with Yvette Cooper”

“It’s the same message they were trying to portray right up to the election”​

“I thought that he acknowledged the fact that they didn’t say sorry during the time of the election, and how can you expect people to vote for you when you’re not actually acknowledging that you were part of the problem”​

“Strongish leader, and at least he’s acknowledging and saying let’s move on from here as opposed to wishy washy”

“I was surprised how long he’d been in politics if he was talking about Tony Blair years – he doesn’t look old enough”

On Jeremy Corbyn:

"“He’s the older guy with the grey hair who’s got all the policies straight out of the sixties and is a bit of a hippy as well is what he comes across as” 

“I agree with most of what he said, I must admit, but I don’t think as a country we can afford his principles”

“He was just going to be the opposite of Conservatives, but there might be policies on the Conservative side that, y’know, might be good policies”

“I’ve heard in the paper he’s the favourite to win the Labour leadership. Well, if that was him, then I won’t be voting for Labour, put it that way”

“I think he’s a very good politician but he’s unelectable as a Prime Minister”

On Yvette Cooper

“She sounds quite positive doesn’t she – for families and their everyday issues”

“Bedroom tax, working tax credits, mainly mum things as well”

“We had Margaret Thatcher obviously years ago, and then I’ve always thought about it being a man, I wanted a man, thinking they were stronger…  she was very strong and decisive as well”

“She was very clear – more so than the other guy [Burnham]”

“I think she’s trying to play down her economics background to sort of distance herself from her husband… I think she’s dumbing herself down”

On Liz Kendall

“None of it came from the heart”

“She just sounds like someone’s told her to say something, it’s not coming from the heart, she needs passion”

“Rather than saying what she’s going to do, she’s attacking”

“She reminded me of a headteacher when she was standing there, and she was quite boring. She just didn’t seem to have any sort of personality, and you can’t imagine her being a leader of a party”

“With Liz Kendall and Andy Burnham there’s a lot of rhetoric but there doesn’t seem to be a lot of direction behind what they’re saying. There seems to be a lot of words but no action.”

And, finally, a piece of advice for all four candidates, should they win the leadership election:

“Get down on your hands and knees and start praying”

Stephen Bush is editor of the Staggers, the New Statesman’s political blog.