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Update: Sky Releases Half Yearly Results

A short while ago, I wrote an article on British media company Sky (SKYAY) (BSYBF) which has transformed itself into a European media business with a leading presence in three of the four largest European ((PAY)) television markets through its acquisition deal regarding Twenty-First Century Fox's (FOX) Sky Deutschland and Sky Italia stakes. The thesis of this article was primarily focused on the future benefits of this deal for Sky shareholders and included a pro forma look at the new business combination's financials. Even though the impact of Sky Deutschland and Sky Italia's EPS contribution is likely to be negligible in the first year of the acquisition, I made the argument that the deal materially enhanced Sky's overall growth profile and thought its increased size added to the company's strategic positioning in bidding for sports rights and closing movie content deals. Now that Sky has released its half yearly resultsRead More …