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Sharewatch: BSkyB Rises On Rights Decision
BSkyB was seen in focus yesterday after its long running monopoly over top-flight English football was brought to an end by a new deal with the European Commission designed to bring live Premiership matches back to terrestrial channels (see BSkyB Loses Premiership Monopoly In Football Shake-Up).
However, the satellite broadcasters saw stock rise by 2.66% after Morgan Stanley announced: “Under this deal for three and a half more years, Sky more or less preserves its exclusivity.”
Broader market sentiment was directionless yesterday as profit takers moved in ahead of the Christmas holiday.
The closing prices of media company shares on Wednesday were:
