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Business commentator on the "highly confidential" offer to Sky TV

Author
Newstalk ZB,
Publish Date
Fri, 13 Oct 2023, 6:34PM
Sophie Moloney, chief executive of Sky Network Television. Photo / Dean Purcell
Sophie Moloney, chief executive of Sky Network Television. Photo / Dean Purcell

Business commentator on the "highly confidential" offer to Sky TV

Author
Newstalk ZB,
Publish Date
Fri, 13 Oct 2023, 6:34PM

Sky TV has announced a mystery party wants to make a highly confidential offer to buy it.

It comes after Sky’s own economic headwinds, with its full-year profit falling 18 percent to $51 million, and revenue rising 2 percent to $754 million.

It also announced an on-market share buyback programme earlier this year, which was paused prior to the release of its full-year results.

Business commentator Rod Oram joined Heather du Plessis-Allan.

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