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 stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025