Foxtel has struggled to compete in the Netflix-led streaming era and faces further challenges as households cut back on discretionary spendingThe Rupert Murdoch-backed media conglomerate, News Corp, will consider offers for its Australian pay television platform Foxtel, as it looks to reorganise its business in a volatile trading period for news outlets.News Corp chief executive, Robert Thomson, said in an earnings release that potential buyers had emerged for the Foxtel business during a review of the company’s assets. Continue reading…
Source link : https://www.theguardian.com/media/article/2024/aug/09/news-corp-foxtel-sell-off-streaming
Author : Jonathan Barrett Senior business reporter
Publish date : 2024-08-09 01:20:45
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News Corp considers selling off Australian pay TV operator Foxtel
