Sky TV profit tumbles on ‘challenging’ economy, satellite disruption

Sky TV profit tumbles on ‘challenging’ economy, satellite disruption
Sky’s CEO Sophie Moloney. (Image: NZME)
Staff reporters
Sky TV has reported a 59% fall in net profit to $20.2 million for the year to June 30.The broadcaster jumped the news cycle by delivering its good news ahead of its FY2025 financials.It has renewed rugby rights with an expanded deal that locks in All Blacks, Black Ferns and Super Rugby rights until 2030.A price tag was not immediately put on the rugby deal. Sources told the Herald the deal is worth between $75m and $80m annually.The company said its result was delivered in the context of “a challenging economic environ...