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Originally Posted by Escapee
It certainly looks a short sighted decision and a sign of financial problems.  |
Apparently, the cock up that was made in the Broadcast Division last year has played a part in this.
Due to a cock up with the met police contract £25m was wiped off ntls revenues last year. Evden though ntl have now sold Broadcast, £25m has still been wiped off ntls bottom line for 2004 and they have been under a lot of pressure from the institutions to recoup the loss as much as possible. (That's what I was told anyway)
The problem is, it is accountants calling the shots.
The problem with bean counters is.... They can only count beans.