News Corp warns of hit to Foxtel, Kayo and real estate classifieds

Original article by Max Mason
The Australian Financial Review – Page: 17 : 15-Apr-20

News Corp expects to lose more Foxtel and Kayo Sports subscribers due to the impact of the coronavirus pandemic on live sports events. Foxtel’s broadcast and commercial subscriber base fell to 2.268 million in the December quarter, compared with 2.326 million in the September quarter, while its churn rate rose from 14.4 per cent to 16 per cent. Meanwhile, Kayo boasted 402,000 paid subscribers in early November, but this had fallen to around 370,000 by early February. News Corp also expects its property listings businesses in Australia and the US to be hit by the pandemic.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS, REA GROUP LIMITED – ASX REA, MOVE INCORPORATED

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