News Corp and Telstra sign on Foxtel-Fox Sports merger
Rupert Murdoch’s News Corporation and Telstra have signed agreements which will see Foxtel and Fox Sports merge to become a single company by the end of June.
This comes three months after the competition regulator dropped its initial opposition to the deal.
The Murdoch-controlled publisher currently owns 100% of Fox Sports, while Foxtel is a 50/50 joint-venture between News Corp and Telstra.
Under the new deal, News Corp will own a 65% stake and Telstra the other 35%.
Ross Greenwood speaks with Foxtel CEO Patrick Delaney.
“Our subscribers will get a better service.
“It’s about bringing the best content to the consumer.”
Listen to the full interview below