Sky TV looks ahead

Sky Network Television, the country’s dominant pay TV company, says costs-to-revenue ratio is likely to be in the 35 per cent range for the 2016 financial year, up on its historical range of 30 per cent to 35 per cent. Sky TV said it had recently increased its basic and sport tier pricing by $1.15 and $1.61 respectively, partly because of increasing content costs. Sky chief executive John Fellet outlined three key developments for the pay TV operator — the extended partnership with Vodafone to offer broadband through Sky, possibly providing its subscription video-ondemand service Neon to customers with both Sky movie and SoHo subscriptions at no extra cost and enhancing its Fan Pass online and ondemand subscription for certain sporting events to include online access to its Sky Sports linear channels. financial year, up from $3.8 million a year earlier. Sales rose 25 per cent to $322.4 million, while cost of sales rose 15 per cent to $168 million. The owner of the Life Pharmacy and Unichem pharmacy chains has been widening its portfolio of businesses, agreeing this month to acquire Access Homehealth, a not-for-profit home healthcare services company. obligations to run the markets in a fair, orderly and transparent way. In the fourth annual review of NZX’s general obligations, the FMA said it was satisfied the company had completed all but one of the 11 agreed actions from last year related to managing conflicts of interest, monitoring conduct, and enforcing compliance and was now carrying out its role as a frontline regulator effectively. The final agreed action — to review the penalty structure within the tribunal rules for minor breaches of market rules — is under way.