Sky points to Premier League costs as operating profit down 11% to £1.01bn

Sky has said rising costs from screening Premier League football and a "weaker UK advertising market" has dragged on its profits.

Sky has said rising costs from screening Premier League football and a "weaker UK advertising market" has dragged on its profits.

The broadcaster saw an 11% drop in operating profit to £1.01 billion in the nine months to March 31 as it pointed to a £494 million bill linked to Premier League costs.