Jeremy Darroch, CEO of Sky, has cast further doubt on the future of Sky News, saying the service is no longer vital to the platform.
The Competition & Markets Authority (CMA) earlier this week provisionally ruled against the Fox takeover of Sky on the grounds of (news) media plurality.
Darroch told analysts on a results call that the loss-making Sky News was not as important as it was when the company launched in the 1990s and was no longer a “critical” part of the pay-TV broadcaster’s business.
“Sky News is a great service. It’s very highly valued. It was more important in the overall mix of the company when we were launching, in the early days. It had a lot of brand presence. It was an area we could build in. I wouldn’t describe Sky News as critical to the business today. Indeed, I wouldn’t really pick any part of our business as critical,” he said.