The obvious question arises as to whether NewsCorp will support Foxtel if it continues to bleed money?
The likely outcome is that NewsCorp will mothball Foxtel’s capital and labour intensive broadcast service and transform the company into a pure ‘lean and mean’ online streaming business.
The launching of Foxtel’s low cost Binge service is a step in this direction and a glimpse into the company’s future.
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Last
$4.98 |
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0.015(0.30%) |
Mkt cap ! $56.64B | |||
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