Sky Network Television 'mispriced as Declining Satellite TV Operator'

Dow Jones08:20

0020 GMT - Sky Network Television is being mispriced as a declining satellite TV operator, says Macquarie. Instead, the business should be viewed as a cash-generative New Zealand-based video aggregator. Sky Network TV owns sports rights that are scarce and which support retention of subscribers. Macquarie likes its optionality around advertising and video on demand, while other positives are its net cash position and high yield. "FY27 is the proof year," says Macquarie, which retains an outperform call. Its price target rises by 9.6% to NZ$3.90/share. Sky Network TV is up 1.2% at NZ$3.40. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 13, 2026 20:20 ET (00:20 GMT)

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Macquarie likes its optionality around advertising and video on demand, while other positives are its net cash position and high yield. \"FY27 is the proof year,\" says Macquarie, which retains an outperform call. Its price target rises by 9.6% to NZ$3.90/share. Sky Network TV is up 1.2% at NZ$3.40. 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