Sky TV Profit Tumbles on ‘Challenging’ Economy, Satellite Disruption; Shares Gain on Outlook, New Rugby Deal

Sky TV's net profit plummets by 58%

Sky TV's full year net profit is down 58%, in what it describes as another challenging year.

Sky TV profit tumbles on ‘challenging’ economy, satellite disruption; shares gain on outlook, new rugby deal

Sky TV has reported a 59% fall in net profit to $20.2 million for the year to June 30. Adjusted net profit was $41.1m, representing a 16.5% decrease,...

Court Rejects Sky UK's Challenge to Ofcom's End of Contract Pay TV Notifications

The Court of Appeal (Civil Division) has dismissed Sky UK’s (Sky TV, Sky Broadband etc.) attempt to overturn an earlier decision by the telecoms regulator, Ofcom, which back in 2022 ruled that the provider had broken consumer protection rules by failing to send End-of-Contract Notifications (ECN) to their satellite-based Pay TV customers. This is one of those situations that requires a bit of a recap in order to get the proper context. Firstly, …