Sky Network Television, the pay-TV company that’s 44 percent owned by News Corp, reported a 9 percent gain in first-half profit as subscribers migrated to its My Sky premium service and spent more. Profit rose to $68.2 million in the six months ended Dec. 31, from $62.7 million a year earlier, the Auckland-based company said in a statement. Sales rose …

State-owned coal miner Solid Energy’s plans for a multi-billion dollar new industry based on turning low-grade Southland lignite coal into diesel, fertiliser and burnable briquettes has been abandoned as the company struggles with mounting debts and low world coal prices. The new chairman of Solid Energy, Mark Ford, told Radio New Zealand the company could be profitable again with an …

Telecom Corp’s annual earnings face a material impact from a major overhaul of the business to become a data-driven and mobile-focused telecommunications operator, stripping out more costs and getting away from its old structure. Chief executive Simon Moutter told an analysts’ briefing that Telecom’s structure is still based on its vertically integrated history as both network owner and retailer, before …