News Corp considers selling off Australian pay TV operator Foxtel
by Jonathan Barrett Senior business reporter from on (#6PVAV)
Foxtel has struggled to compete in the Netflix-led streaming era and faces further challenges as households cut back on discretionary spending
The 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.
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