Subscribe Login
Technology

Sky Reports 9% Rise In Core Earnings

By Dave Simpson

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.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

Get a FREE Digital Subscription!

Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy

 

Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription
Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription