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Sky TV's subscriptions now cheaper as company splits Basic package in two

Sky Television is modifying their pricing packages to include a cheaper entry point its number of satellite TV subscribers continues to drop.

Paul Brislen says shareholders and investors should be asking tough questions after Sky's half-yearly report. Source: 1 NEWS

Almost 34,000 subscribers cancelled their Sky subscriptions in the year to June, prompting the company to look at other options.

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For more on this story, watch 1 NEWS at 6pm. Source: 1 NEWS

Sky's 'Sky Basic' package, which costs $49.91 per month will now be split into two, smaller packages called Sky Starter and Sky Entertainment.

People could then choose Sky Starter for $24.91 per month, which features a more limited range of channels compared to 'Basic'.

This means customers could subscribe to a deal including Sky Sports for $54.81 per month, a cut of the current $79.81 minimum.

Those customers who kept both of the newly-minted packages would now also receive the $9.99 Soho channel for free.

The company has also reported a five per cent drop in overall revenue to $433 million for the six months to December.

Despite lower revenue, the company has increased its net profit for the year, up 12 per cent to just under $67 million due to an eight per cent drop in operating costs.

The packages start from as little as $25 per month. Source: 1 NEWS