Pan­demic penalty

The Daily Telegraph - Business - - Business -

A 41pc slide in ad­ver­tis­ing sales to $321m (£242m) in the three months to June 30 sent Sky’s rev­enues down 15.5pc to $4.1bn, its US owner Com­cast said. The com­pany blamed “over­all mar­ket weak­ness” wors­ened by Covid-19, as well as the im­pact of new leg­is­la­tion on gam­bling ad­verts in the UK and Italy. Com­cast chief ex­ec­u­tive Brian Roberts said its “flex­i­ble strat­egy” helped re­tain 99pc of Sky cus­tomers and 95pc of sports sub­scribers since the cri­sis be­gan.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.