Sky has entered into legally binding commitments with Comcast Corporation that guarantee the continued operation and long term funding of an editorially-independent Sky News.
These commitments extend the Post Offer Undertakings given by Sky and Comcast in May 2018 in which they committed to maintaining inflation-adjusted funding in Sky News, to maintain Sky’s HQ in Osterley and not to acquire a UK newspaper, for a period of five years, as well as to establish the Sky News Board within three months of October 9th 2018.
The commitments, given by way of Deed Poll, see Sky and Comcast extend their commitment to maintaining Sky News funding to 10 years. They have also established the Sky News Board, with oversight of the continued editorial independence of Sky News, Sky News’ compliance with the Sky News Editorial Guidelines, and the long term funding commitment. The members of the Sky News Board are:
Each member satisfies the independence criteria set out in the Deed Poll, having UK media experience and independence from Comcast.
Sky and Comcast undertake to maintain and observe the Sky News Editorial Guidelines and have made a number of enhancements to them to further preserve the editorial independence of Sky News:
“We have invested in Sky News since it launched nearly thirty years ago and we are delighted that Comcast has joined us in extending its commitments, which will secure the future of Sky News for the next ten years,” declared Jeremy Darroch, Group CEO of Sky.
“Sky’s belief in Sky News has enabled us to build an outstanding record of world class reporting,” added John Ryley, Head of Sky News. “This long-term funding commitment ensures that we can continue to invest in quality journalism and strengthen our position as an independent, trusted news source.”