Sky TV buys Three

Sky TV chief executive Sophie Moloney.
Sky TV is buying financially troubled TV3 (Three) for $1.The deal, announced by publicly listed Sky TV to the NZX at 8.30am today, will see the exit from New Zealand of US giant Warner Bros Discovery from free-to-air television.Sky will take all of the Three (TV3), ThreeNow and Eden brands from Aug 1. Some 130 Three/WBD staff will move under the Sky umbrella, with their boss, Juliet Peterson, still in charge, reporting to Sky's chief executive, Sophie Moloney.Read more at NZ Herald
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