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Sky's first quarter revenues rise by 5%

October 12, 2017 7:04 AM
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Sky's first quarter revenues rise by 5%

Sky, the European pay TV group that Rupert Murdoch is trying to buy, said it made a strong start to its new year.

Sky said its like-for-like revenue rose by 5% and it added 160,000 new customers, up 51% from the same time a year ago.

The company reported like-for-like first-quarter revenue of £3.3 billion and core earnings of £582m, up 11%.

Murdoch's Twenty-First Century Fox bid to control the whole of the broadcaster was referred last month by the British government for a lengthy review to assess Murdoch's commitment to UK broadcasting standards and his influence in the media.


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