MARKET CLOSE NZ shares fall, led by Sky TV on football rival; Chorus drops

Wed, 19 Jun 2013

June 19 (BusinessDesk) – New Zealand shares fell after an online rival to Sky Network Television emerged with the rights to English football and network operator Chorus led a decline in companies sold down by offshore investors. The NZX 50 Index fell 16.651 points, or 0.4 percent, to 4445.55. Within the index, 21 stocks fell, 17 rose and 12 were unchanged. Turnover was $98.7 million. Sky TV fell after closely held Coliseum Sports Media announced a new service of pay-per-view English Premier League Football. Sky said it had bid for the rights...

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