Yes and no… this is a joint venture company where each partner brings certain things to the equation. Spectrum would obviously be one of Nine’s contributions as well as some backend functions.
Sky and NewsCorp offer business journalism expertise, facilities and a speiclised work flow.
As for making money, TV is just part of the equation, arguably one that isn’t likely to hugely profitable. Digital exploitation of content and opportunities for native advertising is where the money will be.