Read this: BSkyB to suffer as TV landscape changes, says Bank of America - Proactiveinvestors (UK)
Summary: Changes to technology and the way we watch TV will mean a less favourable set of outcomes for pay-TV giant going forward, a leading broker suggested today. Bank of America Merrill Lynch cut its stance to underperform and its price target to 640p, even though it acknowledged the firm has a fantastic track record. The shift in consumer demand from broadcast TV to on-demand brings new competitors which, in turn, will increase competition for subscribers, said the broker. - proactiveinvestors.co.ukwww.proactiveinvestors.co.ukBSkyB to suffer as TV landscape changes,…
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