Virgin Media TV customers down 13,400 in 1Q 2013

Wednesday, April 24th, 2013 
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TiVo customers increased 171,900 to 1.5m; 40% of the TV base; Paying TV* customers increased 13,700 to 3.3m; 87% of the TV base

LONDON — Virgin Media Inc. (NASDAQ: VMED; LSE: VMED) announces results for the quarter ended March 31, 2013.

TiVo is driving strong pay TV performance. We added 171,900 more TiVo customers during the quarter to reach a total of 1.5m, which represents 40% of our TV customer base. The number of paying TV customers increased by 13,700.

Consumer cable customers – Television (in thousands)

                 March 31, 2013  March 31, 2012
                 --------------  --------------
Total                   3,782.1         3,775.3
Net additions            (13.4)            12.2
   Paying TV                 14              58
   Free 'M' tier           (27)            (46)

Liberty Global

On February 5, 2013, Liberty Global, Inc. and Virgin Media Inc. announced that they had entered into an agreement, subject to shareholder approvals, pursuant to which Liberty Global, Inc. will acquire Virgin Media Inc. in a stock and cash merger.

* Paying TV customer base is our total TV customer base less those on packages which include a free TV service provided with a non-TiVo set top box.