Pay-TV group Sky reports 9% rise in core earnings



[ad_1]

Sky, the pay-TV group at the center of a bidding war between Murdoch's Rupert Fox and Comcast, reported at 9 per cent in full-year core earnings on Thursday after more than 500,000 customers across its European operations. Comcast is leading the race to buy Sky after it was £ 14.75 a share offer this month, valuing the group at $ 34 billion.

Sky, which is 39 per cent owned by Fox, reported core earnings of £ 2.35 trillion on revenue up to 5 per cent to £ 13.59 trillion, (19659003) Chief executive officer Jeremy Darroch said it had been a "special year" for the UK-based broadcaster and it was entering its new year with good momentum.

Sky said year and we now have 63 million products in customer 's homes as they continue to choose Sky over other providers, "he said.

Mr Darroch, in the top job since 2007, told BBC Radio it was too early to say whether he would stay with the pan-european group after it is sold. Sky is present in Britain, Ireland, Austria, Italy and Germany.

Reuters

[ad_2]
Source link