March 17, 2020 / 9:04 PM / 2 months ago

BRIEF-SKY Network Television Withdraws FY Revenue & EBITDA Guidance

March 18 (Reuters) - SKY Network Television Ltd:

* WITHDRAWS GUIDANCE FOR YEAR

* WITHDRAWING REVENUE & EBITDA GUIDANCE FOR YEAR ENDED 30 JUNE DUE TO INCREASING UNCERTAINTY SURROUNDING COVID-19 OUTBREAK

* ACTIONS TO COMBAT SPREAD OF COVID-19 HAS IMPACTED UPON NUMBER OF LIVE SPORTING EVENTS FOR WHICH SKY HOLDS BROADCASTING RIGHTS

* TAKING DECISIVE ACTIONS INCLUDING REDUCTION OF OPERATING EXPENSES, DEFERRING NON-ESSENTIAL CAPITAL PROJECTS, AMONG OTHERS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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