Sky not proceeding with MediaWorks acquisition

Sky New Zealand
PO Box 9059
Newmarket
Auckland 1149
New Zealand

10 Panorama Road
Mt Wellington
Auckland 1060
New Zealand

T. +64 9 579 9999

sky.co.nz





15 June 2022

Sky not proceeding with MediaWorks acquisition

Further to its announcement on 7 June prompted by media speculation, Sky Network
Television Limited (NZX/ASX: SKT, or Sky) advises that it has ceased discussions to evaluate
the possible acquisition of MediaWorks Holdings Limited.
As previously communicated, in parallel with its evaluation of potential investment
opportunities, Sky has been exploring options to return capital to shareholders and accelerate
organic investment in the business to drive further growth.
Sky will update shareholders on its capital management plan no later than the time of the
Company’s Full Year Results announcement on 25 August 2022. Sky remains committed to
restoring regular dividend payments, having returned to revenue growth and achieving
sustainable levels of free cash flow.
Ends
Authorised by James Bishop, Company Secretary
Investor enquiries, please contact: Media enquiries, please contact:
James Bishop Chris Major
Company Secretary Chief Corporate Affairs Officer
021 630 635 029 917 6127
James.Bishop@sky.co.nz Chris.Major@sky.co.nz
Investors may also submit queries to: investorrelations@sky.co.nz