Apr 3, 2018
Sky: the Italian job
On Tuesday came news that Disney would buy Sky News and separate it from the parent to allay concerns about Rupert Murdoch increasing his dominant position in UK media. Sky shares have gained 77 per cent since the December 2016 Fox bid. Sky took full control of Sky Italia and Sky Deutschland in 2014. Last week's agreement between Mediaset and Sky Italia will mean more local programming from the former for Sky's network, which should help its market position in Italy. Sky's group profitability has stalled in recent years.
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