Rupert Murdoch's big investment headache: Australia

“You couldn’t engineer more pressure, I don’t think, than what Foxtel is under at the moment,” said a person with direct knowledge of the company’s Australian strategy, speaking on condition of anonymity.The Australian arm was the only part of News Corp left unchanged when the company spun off its broadcast business in 2013, keeping publishing assets like The Wall Street Journal, HarperCollins and a string of British newspapers.

), Foxtel, which used satellite dishes and television “set-top boxes”, once seemed primed for home viewing dominance against a handful of free-to-air TV channels. Earnings have been hurt by subscribers taking up cheaper - and lower revenue - online offers from Foxtel itself, while it now faces a pandemic-related shutdown of sports, its main competitive difference.

“I’ve had a view it’s worth nothing for a long time,” said Rhett Kessler, a principal at Pengana Australian Equities, a top-20 shareholder of Telstra.News Corp declined comment beyond Murdoch’s statement. It has said a new streaming service, Binge, will capitalise on Australians’ appetite for content during prolonged periods at home due to the coronavirus response.

byronkaye Good. Let the market decide and Australia, stop stoking up this American corporate welfare cheat.

byronkaye its hard to belive one man can cause so much trouble

byronkaye Avoid Foxtel and related services like the plague ..... sub standard, overly expensive compared to the competition .... and most importantly - it finances FOX NEWS.

GreenJ byronkaye The evil bastard uses his virtual monopoly in the Australian media to peddle far right propaganda, push a far right agenda and interfere in Australian politics. His publications range from small community, regional, state and national tabloids, cable/pay TV, and TV shares.

byronkaye I wish we could send the MF back to Australia. 🇦🇺 Sorry mate, we just hate the SOB, as I know you guys do.

GreenJ byronkaye Lachlan’s apparently more right-wing than his father. God help us all!

GreenJ byronkaye Yawn

byronkaye Did he sleep on his chin weird?

byronkaye awesome. fuck that guy.

byronkaye

byronkaye Freak.

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Meet media mogul Rupert Murdoch and his family, a dynasty worth $17B - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Also sold his soul to the devil Apparently there is money to be made in racist, right-wing piggery. 'Outliers' .....there is no how to here. Once in a while an outlier comes along and outperforms.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Meet media mogul Rupert Murdoch and his family, a dynasty worth $17B - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Also sold his soul to the devil Apparently there is money to be made in racist, right-wing piggery. 'Outliers' .....there is no how to here. Once in a while an outlier comes along and outperforms.
Source: BusinessInsider - 🏆 729. / 51 Read more »