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Business losing money as a whole, sell the only bit that is making a profit = money to prop up the losses from the rest of the division.
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Sorry but you are very wrong there. Broadcast makes a nice "little" profit but no where near as much as Home. In fact only 18% compared to home.
Q2 2004 Results attached
http://www.ntl.com/locales/gb/en/inv...rts/2004-2.pdf
Broadcast is no longer viewed as a core business and is virtually noe already sepaerated from the company in all but name.
The money raised will improve the balance sheet of the company and increase cash flow for future investment possibilities.
It is a wise move, to raise further cash without borrowing.
Yes, there may be further redundancies in ntl. There are redundancies all the time. Nothing major. But the company is continually
re-organising and small numbers of redundancies will always happen.
As well as continual redundancies, there is also continual hiring of people also you know. But you don't get people on here complaining of that
