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Murdoch-backed Sky Shares Fall on Slowing Subscriber Growth

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Sky (SKYAY) shareholders were left unimpressed today after it released financial results for the nine months to March 31, which the management team described as "excellent". Sky is the U.K.'s largest pay television providers and is a subsidiary of 21st Century Fox (FOXA - Get Report) .

However, investors rejected the self-congratulatory sentiments of management and sent the shares down by as much as 6.6% in London on Thursday, making it one of the biggest losers on the FTSE 100.

The group reported revenue growth of 5%, up to £8.7 billion, which was in line with...


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