News Corp chief executive Robert Thomson says he is in “active discussions” about pay TV business Foxtel after putting a for sale sign on it three months ago and, so far, failing to find a buyer.
Foxtel has been paying down a $550 million shareholder loan from News Corp, Mr Thomson said. The Murdoch family-controlled media conglomerate said it was “continuing to assess the strategic and financial options” for Foxtel, which included “its capital structure and assets”. Foxtel owns the streaming platforms Binge and Kayo Sports, and a cable TV business.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
