Sky Network Television Acquires Discovery NZ to Boost Growth

SKY Network Television ( (SYKWF) ) has provided an update.

Sky Network Television has completed the acquisition of Discovery NZ Limited for $1, aiming to enhance its growth and diversify revenue streams, particularly in advertising and digital sectors. Despite Discovery NZ’s reported after-tax loss of $77.6 million in 2024, Sky anticipates significant synergies and cost savings, projecting at least $10 million in incremental EBITDA by FY28, which will strengthen its market position and benefit stakeholders.

More about SKY Network Television

Sky Network Television is a leading media company in New Zealand, primarily offering television broadcasting services, including satellite and streaming options. The company focuses on delivering diverse content to its audience, with a strong emphasis on sports and entertainment programming.

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