News Corp chief executive Robert Thomson says Foxtel is working to push down broadcast rights costs with the NRL and AFL as the pay-TV giant and free-to-air broadcasters Nine and Seven West Media seek lower fees for a shortened season and sustainable future costs.
It comes after News Corp booked $US931 million ($1.4 billion) in impairments at Foxtel, including a write-down of almost $860 million to the value of the pay-TV giant.
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Max Mason covers financial crime, courts 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
