CORRECT: Sky TV shares, ex-div, drop to 18-year low on report of Amazon tilt for rugby

Mon, 04 Sep 2017

(Fixes current share price in 2nd paragraph) By Paul McBeth Sept. 4 (BusinessDesk) - Sky Network Television shares dropped to their lowest level in more than 18 years after a report that global internet giant Amazon is making a play for New Zealand's rugby broadcasting rights, a key drawcard for the pay-TV operator. The shares fell as low as $2.58, the lowest since January 1999 and before the merger with former cornerstone shareholder Independent Newspapers Ltd. The stock was recently down 7.5 percent, or 21 cents, to $2.59, on a day t...

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