Original article by Dominic White
The Australian Financial Review – Page: 18 : 21-Mar-16
Foxtel’s joint owners Telstra and News Corp may merge the pay-TV group with News Corp’s fully-owned Fox Sports. Telstra recently flagged plans to list 60 per cent of its stake in Foxtel on the sharemarket, and merging it with Fox Sports would make the IPO more attractive to investors. Foxtel’s EBITDA and revenue fell in 2015, while Fox Sports posted EBITDA and revenue of $US135m and $US500m respectively in 2014-15.
CORPORATES
FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, CITIGROUP PTY LTD, UBS HOLDINGS PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, NETFLIX INCORPORATED