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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bt Group Plc | LSE:BT.A | London | Ordinary Share | GB0030913577 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 106.00 | 105.85 | 105.90 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Phone Comm Ex Radiotelephone | 20.92B | 1.91B | 0.1916 | 5.53 | 10.54B |
From May 2019 to May 2024
By Stu Woo
Sky PLC (SKY.LN) Chief Executive Jeremy Darroch said Thursday that television rights to sporting events aren't as important as they used to be, but that the London-based broadcaster still plans to participate in the upcoming U.K. auction to televise soccer's UEFA Champions League.
Sports fans, especially younger ones, aren't as committed to watching live sporting events because they can now, for example, catch highlights on their phones, Mr. Darroch said at a Morgan Stanley conference in Barcelona. "Your commitment to watch the game is definitely less," he said.
Sky lost the Champions League rights to BT Group PLC (BT) after the latter won a three-year, nearly 900 million pounds ($1.12 billion) contract that started in 2015. Mr. Darroch said Sky would participate in the next auction and will bid for other events.
"We'll seek to win the most important things, of course, but we'll be happy or willing to let other things go," Mr. Darroch said.
Sky is 39%-owned by 21st Century Fox Inc. Rupert Murdoch and his family are major shareholders in both 21st Century Fox and News Corp, the owner of Dow Jones Newswires.
-Write to Stu Woo at stu.woo@wsj.com
(END) Dow Jones Newswires
November 17, 2016 13:14 ET (18:14 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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