Sky TV shares slump as loss of football rights highlights increased competition

Wed, 19 Jun 2013

By Tina Morrison June 19 (BusinessDesk) – Shares in Sky Network Television, the worst performing stock on New Zealand’s benchmark NZSX 50 today, slumped 6.2 percent after the pay-television company lost the rights to broadcast English Premier League football this season. Sky Network shares dropped 35 cents to $5.32, crimping its gain this year to 16 percent. Coliseum EPL Management is believed to be the new owner of rights to broadcast English football, Newstalk ZB reported. Coliseum Sports Media is holding a media conference at 2pm in Auckla...

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