Huge wrote in message ...
Andrew writes:
How come Mr Murdoch has never made a 'profit' since Sky TV started ?.

Because he's bonkers and his shareholders spineless?


NO. Because the objective has been to grow the capital worth of the company.
The company is worth many times its original capitalisation.ie the shares
are worth many times what the shareholders invested. Being unprofitable
when the capital worth is increasing, is not losing money, purely a a step
in growth, whilst increasing employment and gaining market share. Many
internet companies are similarly superficially unprofitable on their company
accounts, but worth a lot of money. If you take the risks, sometimes you get
the rewards. It's called capitalism!

Regards
Capitol

Regards
Capitol