2 weeks Ago By Chris Keall
“We are seeing some softening in customer and advertising revenues,” Sky TV chief executive Sophie Moloney told investors at the firm’s annual shareholder meeting this morning. But Moloney said the firm was still on track to meet full-year earnings guidance and its forecast for a full-year dividend of at least 21 cents per share, and that it was on track for its FY2026 dividend target of 30cps. There were two immediate priorities, chairman Philip Bowman said: A new rights deal with New Zealand Rugby and Sanzaar and migrating Sky Box customers to a new satellite.
An exclusive negotiating period with NZR wrapped up at the end of October without a new deal, but Bowman said: “We remain in constructive dialogue with representatives from NZ Rugby Commercial, against the backdrop of significant potential change in the governance of NZ Rugby.” NZR has set a December target to name its new board after what Herald rugby analyst Gregor Paul has called “a long, vexed and at times toxic journey to a new governance structure” after the 2021 Silver Lake deal..
