Virgin Media Makes its First Ever Profit

By Gary Cutlack on at

Even the amount of money it had to pay Usain Bolt to be in those rubbish adverts hasn't stopped Virgin Media posting its first ever profit, with the media pipe provider managing to end years of UK cable supplier misery and stick £75.9 in the bank this year.

In terms of user numbers, Virgin Media now has 435,000 TiVo subscribers, while 579,000 new customers signed up for its "Superfast" broadband product during 2011 -- and half of the new joiners in the last three months of the year paid for premium cable internet connections with download speeds greater than 30Mb. [Virgin via The Guardian]