With all the talk of the government selling assets at the moment, how is News Corp’s ditching of $815m worth of shares in Sky Television going to impact on the availability of capital for investment?
Given the opportunity, would you rather purchase shares in a power company or a television company?
No doubt the Sky TV shares are going to get snapped up but the big question is, by who? Will it be another media company? Should TVNZ buy back in? Or will it be another clueless hedge fund that will mine it, and its customers, for every penny they can?