UPDATE: Sky TV shares drop 7% after firm says it isn't preferred bidder for 2019 Rugby World Cup

Tue, 27 Mar 2018

By Tina Morrison and Sophie Boot March 28 (BusinessDesk) - Sky Network Television's shares dropped after the company said it may miss out on the broadcast rights for next year's Rugby World Cup, saying it isn't the preferred bidder. "We were informed overnight that we are not the preferred bidder for the New Zealand broadcast rights for Rugby World Cup 2019," the Auckland-based company said in a statement to the NZX before market open this morning. "We have been informed that negotiations are underway with the preferred party, and our bi...

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