Not tiddlywinks: Sky TV writes down Rugby Pass investment

Thu, 10 Sep 2020

Sky Network Television spent its third year in the red as it wrote down the value of goodwill on its core business and the recently acquired RugbyPass streaming platform. However, the pay-TV operator is less gloomy about the coming year, predicting smaller declines in revenue and earnings as it spends more on reviving its flagging fortunes with growing success in its streaming services, and plans to enter the tightly contested retail broadband market with a bundled content offering. Sky TV today reported a net loss of $146.3 million in th...

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