Sky Reports 9% Rise In Core Earnings

By Dave Simpson
Sky Reports 9% Rise In Core Earnings

Sky, the pay-TV group at the centre of a bidding war between Rupert Murdoch's Fox and Comcast, reported a 9% rise in full-year core earnings on Thursday July 26 after it added more than 500,000 customers across its European operations. Comcast is leading the race to buy Sky after it offered £14.75 a share offer, valuing the group at $34 billion, just hours after Fox had upped its own bid to £14 earlier this month.

Sky, which is 39 percent owned by Fox, reported core earnings of £2.35 billion on revenue up 5% to £13.59 billion, both beating forecasts by UBS.

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