Sky TV says even though it's had a strong first-half financial year result - the television market remains challenging.

It's reported a $52 million net profit, turning around a $1.7 million loss last period.

Its revenue rose eight percent, to about $414 million.

Sky TV chief executive Sophie Moloney says revenue for traditional TV was softer than expected.

"The TV side does seem to be suffering a bit more than others, so I do think it's incumbent on us to make sure that we're talking about that value and allowing our clients to see the benefits."

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Sky TV says even though it's had a strong first-half financial year result - the television market remains challenging.
It's reported a $52 million net profit, turning around a $1.7 million loss last period.
Its revenue rose eight percent, to about $414 million.
Sky TV chief executive Sophie Moloney says revenue for traditional TV was softer than expected.
"The TV side does seem to be suffering a bit more than others, so I do think it's incumbent on us to make sure that we're talking about that value and allowing our clients to see the benefits."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Sophie Moloney: Sky TV chief executive on the 'challenging' market factors impacting their results

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5e6c7c71-f35a-46b5-b426-b3fd005f82cd/transcript