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

Thu, 25 Aug 2022

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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