Virgin Media: turnaround and back again?

Una Galani Virgin Media is back in shape, but for how long? Just two years ago, the UK cable operator came close to being taken over by private equity and its operational results were a perennial disappointment. But strong third-quarter results have reinforced the strength of its transformation under a new management team led by chief executive Neil Berkett. Virgin is now a competitive force to rival satellite broadcaster BSkyB and former fixed-line monopoly BT. Yet sustaining that position wil...