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Latest Satellite News Discussion, Sky TV described as 'recession-resistant' at General Satellite News forum; POSITIVE OUTLOOK: Sky Television shares emerged from a tumultuous week of changes in the broadcasting industry sharply up. Sky Television ...

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Sky TV described as 'recession-resistant'
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shoaib2live
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Post Sky TV described as 'recession-resistant' - 31-March-2009, 06:51

POSITIVE OUTLOOK: Sky Television shares emerged from a tumultuous week of changes in the broadcasting industry sharply up.

Sky Television shares emerged from a tumultuous week of changes in the broadcasting industry sharply up, but still trading at a bargain price, according to a research report by Forsyth Barr.

Television New Zealand announced last week that it had bought a one-third share in TiVo's New Zealand and Australian set-top box business for A$8 million (NZ$9.75m), but Forsyth Barr believes Sky is likely to lose few sales.

Forsyth Barr said TiVo was a "great product" providing a reliable and proven personal video recorder for households that did not want to subscribe to Sky TV, but retailing at A$699 in Australia, was more expensive than Sky's HDi personal video recorder. TiVo customers would have to pay to replace TiVo boxes if they failed once out of warranty, whereas Sky TV met this cost through its subscription charges, and this could limit TiVo's appeal.

Forsyth Barr valued Sky shares at $5.42, describing the company as "recession-resistant" with a positive medium-term outlook. Sky closed up 7c on Friday at $4.15.

Sky subscribers will get access to state-funded channels TVNZ6 and TVNZ7 under an agreement with the state-owned broadcaster, while a rift has widened between TVNZ and MediaWorks over the legalities of including TV3 and C4 in TiVo's electronic programming guide.
   
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31-March-2009, 14:28

it makes sense
as with recession, people are going out less: so the "indoor" activities are going to generate more revenu
   
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