Sky TV signs conditional deal to renew rugby rights; shares gain

Thu, 23 Oct 2014

By Tina Morrison Oct. 24 (BusinessDesk) - Sky Network Television, New Zealand's dominant pay-TV company, has signed a conditional contract to renew its five-year deal with the New Zealand Rugby Union and the SANZAR unions for an undisclosed amount. The shares rose to a two-week high. Auckland-based Sky is set to renew the rugby rights from 2016, it said in a statement. It didn't disclose any terms or conditions of the agreement. The current rugby union contract which expires in 2015 awards exclusive broadcast rights across technology plat...

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