24 Oct 2013

Sky TV shares fall 3%

6:59 pm on 24 October 2013

Sky Television's shares have fallen 3% to $6.18 on Thursday.

The company told shareholders at its annual meeting on Thursday that it continues to face challenges with its key rivals delivering content over the internet, which means Sky TV faces local as well as international competition.

Sky Television's forecasting its net profit will improve to between $145 million and $155 million for the 2014 financial year, that's compared with $132 million in 2013.