Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
News Corporation to sell stake in New Zealand’s SKY Network Television Limited
Posted on 4-Mar-2013 13:00 | Tags Filed under: News



News Corporation announced that its News Limited subsidiary will divest its 44% stake in SKY Network Television Limited, New Zealand’s pre-eminent pay television broadcasting service.

News Limited has appointed Deutsche Bank to underwrite and, together with Craigs Investment Partners, to manage, the sales of its SKY shares. It is expected that the shares will be sold to a broad range of institutional and retail investors. Following the sales, News Limited will no longer have any holding in SKY Network Television Limited.

Chase Carey, President and Chief Operating Officer, News Corporation said: “SKY is a world class subscription television business and has been an outstanding investment for News Corporation. We and SKY have always enjoyed an excellent, arms-length working relationship and we expect this to continue unaffected by the sale. In particular, we do not anticipate any change to current arrangements regarding access to content and collaboration on technology.”

As a result of the sale, Michael Miller, Regional Director of News Limited, will resign from the board of SKY.






comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Vodafone TV - Is this sky?
Created by wingbat45, last reply by Yabanize on 19-Oct-2017 23:46 (78 replies)
Pages... 4 5 6


Chorus Fibre install
Created by MikeB4, last reply by kryptonjohn on 19-Oct-2017 14:24 (18 replies)
Pages... 2


KRACK - WPA2 essentially cracked.
Created by michaelmurfy, last reply by dejadeadnz on 19-Oct-2017 11:22 (73 replies)
Pages... 3 4 5


Obesity in NZ - OECD
Created by Fred99, last reply by gzt on 18-Oct-2017 16:36 (124 replies)
Pages... 7 8 9


BBQ season is approaching again and I need a new one.
Created by gished, last reply by PhillyG on 19-Oct-2017 20:34 (48 replies)
Pages... 2 3 4


Windows 10 Fall Creators Update
Created by DjShadow, last reply by DjShadow on 19-Oct-2017 20:35 (31 replies)
Pages... 2 3


Under -deck "roofing"
Created by kryptonjohn, last reply by blakamin on 19-Oct-2017 22:00 (42 replies)
Pages... 2 3


BlueBourne - CGA Claim advice
Created by vyfster, last reply by Aredwood on 19-Oct-2017 09:34 (122 replies)
Pages... 7 8 9