Original article by Darren Davidson
The Australian – Page: 20 : 30-Mar-16
Credit Suisse media analyst Fraser McLeish says a proposed IPO for Foxtel would be more attractive to investors if the pay-TV group was merged with Fox Sports. McLeish estimates that a merged Foxtel-Fox Sports would boast an enterprise value of about $A8.5bn. Telstra and News Corp each own 50 per cent of Foxtel, and News Corp has full ownership of Fox Sports.
CORPORATES
FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, DISCOVERY COMMUNICATIONS INCORPORATED, EUROSPORT