Sky Network Television shares rise on $1 deal with TV3-owner Discovery NZ

Sky snaps up TV3 from owner Warner Bros Discovery NZ for $1. (Image: Sky TV)

Tue, 22 Jul 2025

Sky Network Television has reiterated its full-year 2026 dividend target at 30 cents a share after snapping up financially troubled TV3 (Three) owner Discovery NZ Ltd, in a $1 deal welcomed for its immediate boosts to key digital and traditional linear viewers in the fiercely contested market for audience.In the cash- and debt-free deal, Sky scooped up the Kiwi assets of Discovery NZ Ltd from US titan Warner Bros Discovery, Inc. It would diversify revenue and add about $95 million on an annualised basis, with about 25% from digital sources. Tra...

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