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Sky enters into legally binding commitments with Comcast

Includes establishment of the Sky News Board

Sky has entered into legally binding commitments with Comcast to guarantee long-term funding of an editorially independent Sky News.

The agreement extends the commitments made by the two companies in May 2018 to maintain inflation-adjusted funding in Sky News, not to acquire a UK newspaper for a period of five years, and to establish the Sky News Board.

The Sky News Board will oversee the continued editorial independence of Sky News, Sky News’ compliance with the Sky News Editorial Guidelines, and the long-term funding commitment.

Jeremy Darroch, group CEO of Sky, said: “We have invested in Sky News since it launched nearly 30 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 10 years.”

John Ryley, head of Sky News, added: “Sky’s belief in Sky News has enabled us to build an outstanding record of world-class reporting. 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.”