Get the latest gossip
News Corp Sizing Up Sale Of Australian Pay-TV Giant Foxtel Group
Rupert Murdoch's News Corp could sell its Australian pay-TV operator Foxtel Group.
Foxtel has been a dominant presence in Australian media for decades, but has come under pressure from the likes of Netflix, Prime Video, Stan and Disney+ in a very competitive local streaming market, as the number of traditional pay-TV boxset subs continues to fall. Foxtel CEO Patrick Delany acknowledged the approach during News Corp’s earnings call, but added: “We’re used to speculation about us. Murdoch housed all of its media interests within News Corp until June 2013, but then split them in two with the creation of 21st Century Fox.
Or read this on Deadline
