Sky TV’s tightened purse delivers for investors

Sky TV’s tightened purse delivers for investors
CEO Sophie Moloney, left, and chair Philip Bowman are confident in the future of Sky as streaming gains momentum. (Image: Sky TV)
Ben Moore
Sky Network Television's shares have jumped 6.18% as it's joined the ranks of companies set to pay back shareholders, with the board approving both a dividend and a share buyback amid strong results in the June 2022 financial year.Sky TV (SKT) shares are currently sitting at $2.75, up 16c since the market opened.After a rocky few years, a focus on streaming has seen the company grow its overall customer base to 991,000, up 4% over the previous period, entirely driven by Neon and Sky Sport Now.A refocused strategy of reducing costs, alon...

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