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Economy
International guest nights bounce offers reprieve for slowing tourism sector
The first increase in international guest nights for nine months will give accommodation operators some reprieve, although indicators are still pointing to a slowing sector. Statistics New Zealand's accommodation survey showed there were 958,000 guest nights in August, up 0.5 per...
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NZ Rugby gets skin in media game in new Sky broadcasting deal
New Zealand Rugby will get a 5 percent stake in Sky Network Television as part-payment for a five-year broadcasting rights deal, provided the pay-TV operator's shareholders back the deal at this week's annual meeting. The national sporting body and media company reached a deal on...
Sky fightback sees it keep Cricket World Cup rights
Sky Network Television bounced back from yesterday's loss of the domestic cricket broadcasting rights with a deal that will see it keep world cup coverage for the next four years. The pay-TV operator retained its exclusive broadcasting deal with the International Cricket Coun...
Retail
Sky shares plunge to all-time low as Spark steals cricket rights
Sky Network Television shares plunged below $1 for the first time in its 21 years as a listed company after Spark New Zealand pulled the rug out from under the pay-TV operator in securing cricket broadcasting rights. Sky shares slumped as much as 17 percent to 92 cents, valui...
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