Sky TV is a subscription television company that offers satellite TV and media streaming services. Shares in the company can be traded on the New Zealand Stock Exchange (NZX) — find out how in this guide.
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Sky Network Television Limited first started life as Sky Media Limited back in 1987, and began broadcasting in 1990. Independent Newspapers Limited (INL) purchased a stake in Sky Network Television in 1997, and the two companies eventually merged in 2005.
The company now boasts over 70 satellite channels, 40 Sky Go streaming channels, and 12 channels and streams dedicated to sport. It has more than 990,000 customers in total and employs close to 1,000 people.
Sky TV shares are listed on the NZX and the Australian Securities Exchange (ASX).
Sky Network Television Limited’s annual report for the 2020 financial year was released in September 2020. The company reported total revenue of $747.6 million, $82.7 million free cash flow, and a 153% growth in streaming customers.
The net loss after tax for the financial year 2020 was $156.8 million, but this included a goodwill impairment charge of $177.5 million.
|Name||Sky Network Television Limited||Industry||Television and Media Streaming|
|Type||Ordinary shares||Date listed on NZX||28 Jun 2005|
|End of financial year||June||Chief executive officer||Sophie Moloney|
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