News Corp confirms Sky NZ sale

News Corp confirms Sky NZ sale

News Corporation has confirmed speculation which appeared over the weekend that it will sell its 44% stake in New Zealand’s Sky Network Television, worth an estimated $600m.

A release this morning says the company expects the cash to go to “a broad range of institutional investors”, with the process handled by Deutsche Bank and Craigs Investment Partners.

It will also see Michael Miller, News Limited’s regional; director, relinquish his role on the board.

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.”  




Please login with linkedin to comment

Latest News

Boomtown’s Final Masterclass Of 2023 Attended By Almost 100 Media Reps
  • Media

Boomtown’s Final Masterclass Of 2023 Attended By Almost 100 Media Reps

Don’t treat regional media as a charity, but a real growth opportunity: That’s the message from Boomtown’s final masterclass of 2023, attended by almost 100 media industry representatives from across the nation. The masterclass was part of a series of educational sessions, delivered by Boomtown, the media collective championing advertising in regional Australia. The sessions […]

a data analyst using technology AI for working tool for data analysis Chatbot Chat with AI, using technology smart robot AI, artificial intelligence to generate something or Help solve work problems.
  • Advertising

Introducing Yahoo Blueprint: A New AI-powered Suite For Better Ad Performance & Optimisation

Yahoo Advertising has launched Yahoo Blueprint, a central AI suite that powers performance-based solutions within the Yahoo DSP. Fuelled by over 335 million logged in Yahoo users globally, Yahoo Blueprint enhances decisioning, makes AI more accessible, and serves as a results-driven guide throughout the campaign lifecycle to deliver better outcomes for advertisers. This new AI […]

Publicis Sapient Announces Launch Of PS Hummingbird, Expanding Its Generative AI And Cloud Capabilities With Microsoft
  • Technology

Publicis Sapient Announces Launch Of PS Hummingbird, Expanding Its Generative AI And Cloud Capabilities With Microsoft

Publicis Sapient, a digital business transformation company, today announced the launch of a new joint venture with Tquila called PS Hummingbird. Lead image: Nigel Vaz CEO of Publicis Sapient The partnership with Tquila, with whom Publicis Sapient has collaborated on several other ventures, will extend Publicis Sapient’s generative AI offerings powered by Microsoft Azure, Microsoft […]