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Original Source: FD (FAIR DISCLOSURE) WIRE
OPERATOR: Thank you and welcome to the British Sky Broadcasting third-quarter results conference call. Today's call is being recorded. Hosting the call will be Jeremy Darroch, Chief Executive Officer, and Andrew Griffith, Chief Financial Officer. This call is the property of British Sky Broadcasting and it may not be recorded for broadcast without the permission of British Sky Broadcasting Group.
This document contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 with respect to the group's financial condition, results of operations and business, and management's strategy, plans and objectives for the group.
These statements include without limitation those that express forecasts, expectations and projections with regard to the potential for growth of free-to-air and pay TV, fixed line telephony, broadband and bandwidth requirements, advertising growth, DTH subscriber growth, multiroom, Sky+ and other services penetration, churn, DTH and other revenue, profitability and margin growth, cash flow generation, programming and other costs, subscriber acquisition costs and marketing expenditure, capital expenditure programs and proposals for the return of capital to shareholders.
These statements and all other forward-looking statements contained in this document are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the group's control, are difficult to predict and could cause actual results to differ materially from those expressed or implied or forecast in the forward-looking statements.
These factors include but are not limited to the fact that the group operates in a highly competitive environment; the effects of government regulation upon the group's activities; its reliance on technology, which is subject to risk, change and development; failure of key suppliers; its ability to continue to obtain exclusive rights to movies, sports events and other programming content; risks inherent in the implementation of large-scale capital expenditure projects; the group's ability to continue to communicate and market its services effectively; and the risks associated with the group's operation of digital television transmission in the UK and Ireland.
Information on some risks and uncertainties are described in the Risk Factors section of the Sky's Interim Report on Form 6-K for the period ended 31 December, 2007. Copies of the Interim Report on the Form 6-K are available on request from British Sky Broadcasting Group plc, Grant Way, Isleworth TW7 5QD, or from the British Sky Broadcasting webpage at www.sky.com/corporate. All forward-looking statements in this document are based on information known to the group on the date hereof. The group undertakes no obligation publicly to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
I would like to hand the call over to Mr. Jeremy Darroch, Chief Executive Officer.
JEREMY DARROCH, CEO, BRITISH SKY BROADCASTING GROUP PLC: Thank you and good morning, everybody. As the lady said, I am Jeremy Darroch. With me this morning is Andrew Griffith, our CFO.
We will be happy to take your questions in a few moments, but first we would like to talk you through the highlights of the results we have announced today.
We are very pleased …