not so good news

[jfish]

taken from TechWatch

A while ago Virgin Media went to its lenders to ask if it could delay the payment of its debts due to the current financial crisis.

The cable firm is estimated to owe around ?4.3 billion to various financial institutions with the Deutsche Bank being the largest.

It is believed that Virgin Media has managed to delay its repayments of these debts until 2012. This gives it a further three years to sort the finances out, when it will recommence with a payment plan.

If it had not secured this deal then it would have had to refinance as early as next year.

There is no doubt that in three years time, the debt burden of Virgin Media is going to be a lot higher, but the company itself is likely to be in a stronger position to refinance, although it will probably have to look at selling some of the company?s assets or look at other alternatives.

interesting read..

[gingerninja]

agreed exactly what i was thinking. do these guys all work for vm and sky

and also vm go hard at it for sales every christmas i.e upgrades for their customers to stop sly taking them away. Like ive said before vm makes no money on tv. The tv helps keep customers of bb and phone.

last year branson refused skys demands for the sky 1 and sky sports. who watches sky i anyway. vm has setanta now dont need both sky and setanta sports news.

If anything branson maybe thinking of selling and whom might take over? sly is losing revenue to setanta ?

[satman]

pmsl,, judgement day,,,,,,, common guys thats the BOXING!!!
as i replied to same post elsewhere,, chances of n3 in few weeks in nearly ludicrous.
not saying its all entirly not true, no one knows whats around the corner,, but no way they could roll out new cards, and in some instances new boxes in the space if a few weeks is not even plausible. Ireland been phasing this in for nearly a year!
Sly dont own n3!,, this is owed by Kudelski!
ah saying no more,,, il let judgement day on sat come and pass first LOL

[bl4ggs]

scare mongering

I think vm and sky are releasing these statements to the public to try and give people doubts about buying these boxes coming up to the christmas period.It would obviously make a big dent in the profits of people who sell these boxes.I wonder if its the same vm guys who have been shrunk and sent down fibre optic cables to watch us in our living rooms as mentioned in other posts

[aftermath]

Just over 3 weeks until Xmas, VM better get their skates on and issue me a new card.

Strange that ive had no letter, no phone call, seen no advertising.

One day something like this will happen , so until then, Happy viewing.

[dctyper]

NAGRAVISION | Solutions > End-to-End Solutions > Cable

[wooper]

I agree.

Have two Kryptviews and also Vermin box with minimum basic.

So they best get me a new box for xmas and card, dont want to miss the queens speach.

[aftermath]

Another thing to remember is that most peeps on here probably pay for a minimum package, so at least VM are getting something.
The day people cant hack some of their TV stuff will be the day VM will suffer badly, because i bet my bottom dollar, if people were forced to pay for TV, SLY will win hands down, and VM will lose thousands of customers who already pay for broadband, Phone and even Mobile contracts,

So to me VM have got an awful lot of money to lose either way.


I for one wouldnt hesitate and go for SLY if this ever happened.

[Monty31ot]

Project Santa

There was talk on a VM forum a weeks ago about encryption changes. What they are suggesting to do is wrap the Nagra encryption around NDS or is it vice versa. This involves a firmware update to legit boxes.

[nobbystyles]

One word.

Bollocks.

[cantona7]

i just asked my missus and she reckons it all propoganda

trust me i've learnt over the years she knows fcuking everthing



if they do 1 day in years to come manage to do it they'll lose my?60 a month

cos i'll go back to the robbin aussie barsteward

[DJSimo]

Just a thought but arent most ppl with cable on fast broadband

ccam and cardshare for cable??? the new way to go if this N3 change happened

[corkyvw]

if this is gonae happen then wot about the modems would they not need 2 send everyone a new modem too???

[DJSimo]

if this is gonae happen then wot about the modems would they not need 2 send everyone a new modem too???

No only tv signal is encrypted, so would not affect modems!!

[rizel23]

realistically no company as large as VM would do such a drastic change over the Christmas period, the amount of things that could go wrong, the actual cost of producing millions of new cards, and the cost of sending each customer a new card via Special Delivery is just not possible financially to a company in such debt.

Plus recouping that cost from new subscribers during a recession is unlikely as people cut back on luxuries more not add extra services\channels!

How much would NAGRAVISION charge extra for Virgin to upgrade its encryption in the first place? Could not be cheap

and why would Virgin bother to start rolling the keys if they were going to change the encryption?

Sounds to me like there just trying to stop average Joe getting a box off eBay, as it had become far to easy to get free cable TV!