Not much joy in Fellet’s Sky TV swansong

Tue, 19 Feb 2019

By Nikki Mandow Feb. 20 (BusinessDesk) - It was the final results announcement for Sky Network Television’s long-standing chief executive John Fellet this morning, but he didn’t have much cheerful news for investors. Revenue for the six months to Dec. 31 was down 8.4 percent to $403 million compared to the same half in 2017, while net profit was down 19.6 percent to $53.6 million and revenue from residential satellite subscriptions was down almost 10 percent to $322 million. Earnings before interest, tax, depreciation and amortisation for...

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