News Corp remains committed to the long-term goal of spinning off its under-pressure Australian pay TV venture Foxtel, and sees future growth in the business coming from streaming, not from broadcasting.
The global media conglomerate is focused on turning Foxtel around and will then look to list the business, chief financial officer Susan Panuccio told the Bank of America Merrill Lynch 2019 media, communications and entertainment conference overnight on Wednesday.
Loading...
Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
