Sky sees £575m fall in revenue as sport is hit by Covid-19 lockdown

Sky has reported a $750m (£575m) plunge in revenues as more than 200,000 customers switched off in the second quarter while key content such as Premier League football postponed matches during the coronavirus pandemic. Sky, which is owned by US pay-TV giant Comcast, reported a 15.5% year on year fall in revenues from $4.8bn to […]

Fed Kicks In Corporate Bond Buying Spree With AT&T, Comcast, Fox

The Federal Reserve has acquired bonds of 86 companies led by WarnerMedia parent AT&T and including Comcast, Fox Corp. and Activision Blizzard in a first round of corporate debt purchases to buck up financial markets during the coronavirus pandemic.  The move has helped lower interest rates for companies, including big media and entertainment groups, issuing […]