KT Skylife swings to annual profit as ipit TV growth offsets Q4 loss - CHOSUNBIZ

KT Skylife, South Korea's satellite broadcaster, has posted its first annual profit in years by leveraging a digital transformation that's increasingly making traditional pay-TV companies obsolete—even as it reported a fourth-quarter loss that underscores the precarious economics of the industry. The turnaround hinges on growth in IPTV, a streaming-adjacent service that suggests the company's survival depends less on its core satellite business and more on its ability to compete in an arena dominated by Netflix and YouTube. The paradox raises uncomfortable questions about whether legacy media companies can truly reinvent themselves or merely delay the inevitable.

Chosunbiz·Feb 9