Giving broadcasters a sporting chance

Giving broadcasters a sporting chance
Sky TV must navigate a sports broadcasting environment where exclusive rights don't hold the sway they used to. (Image: Supplied)
Paul McBeth
The brains trust at Sky Network Television’s Mount Wellington headquarters is probably sparing a thought for the US cable network giants, which reported some pretty savage writedowns last week. After all, New Zealand’s dominant pay-TV operator went through its own painful bloodletting a few years back, the most savage of which was a $1 billion writedown in the June 2019 year – a time when its grip on sporting rights was feeling decidedly loose. That figure might pale in comparison to the US$6b (NZ$9.9b) impairment ch...

More Markets

NZ sharemarket up 0.3%, Tower dominates trading
Markets Market Close

NZ sharemarket up 0.3%, Tower dominates trading

The S&P/NZX 50 Index closed at 12,312.6, up 42.6 points or 0.35%.

Behind the rise of shareholder activism
Markets

Behind the rise of shareholder activism

Activists can be seen as 'baddies', but a new report says there are benefits.

My Food Bag CEO signals 'return to growth'
Retail

My Food Bag CEO signals 'return to growth'

My Food Bag's chief executive, Mark Winter, says the company has "returned to growth" after strengthening its sales performance in the second half of the financial year.On Tuesday, the meal-kit delivery firm told the NZX that it expects to deliver full-year earnings in line w...

Pricing and cost expectations may raise RBNZ eyebrows
Economy

Pricing and cost expectations may raise RBNZ eyebrows

ANZ Bank chief economist Sharon Zollner: the lift is "becoming a little disconcerting".