BT GROUP

Discovery Said to Fight Murdoch’s Sky for English Soccer Rights

Had been rumoured but was questioned given start up costs etc.

This means they are more likely to fight BT for the small packages over large SKY packages

One of the bull cases for BT has been that the streets rights inflation has been too high

That’s def in question now and on top of a rights issue to fund EE and the stock at highs. Is a short term/trading SELL