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Sky TV profits drop on rising UK football costs

Story from: The New Age

European pay-TV giant Sky, set for a takeover by 21st Century Fox, announced Thursday a drop in profits, hit by the rising cost of showing live English Premier League football. A fall in operating profits for the first nine months of Sky’s financial year overshadowed a rise in revenues, the company said in an earnings

This post is from The New Age. Click here to read the full text

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