Jan 26, 2017

Sky profits dented by higher football rights costs

The pay-TV group reported a 9% fall in operating operating profits to £679m. The company said that its financial performance had been "Good". Rupert Murdoch's 21st Century Fox owns 39% of the company. Late last year, it offered to buy out the remaining 61% of the business. It has 22 million customers in the UK, the Republic of Ireland, Italy, Germany and Austria. Chief executive Jeremy Darroch said: "In a year in which we are absorbing significantly higher programming costs, as a result of the step up in Premier League costs, our financial performance has been good."

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