Fellet unmoved by media company 'for-sale' signs as Sky TV mulls capital options

Tue, 24 May 2016

By Tina Morrison May 25 (BusinessDesk) - Sky Network Television chief John Fellet says he's been offered just about every media asset in Australasia but hasn't been tempted even though analysts estimate the pay-TV company could have $400 million of surplus funds as its capital expenditure programme winds down. Sky TV's period of heavy investment over recent years in new technology, set-top box upgrades, new content and enhancements in sales and marketing will come to an end in about six months, bolstering its cash flow, with analysts at M...

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