But now that NRL and The NewsCorp supported Peter V’landys have had to retreat and mend relations with Hugh Marks and the Nine Network Entertainment Group, that does not look good for the future viability of FoxTel, more multi million dollar losses coming up as the current multi million dollar losses may not be enough for News Corp.
Telstra has to find a way out in order to have a set of accounts that can show it can make money into the future IMHO.
TLS Price at posting:
$3.14 Sentiment: Buy Disclosure: Held
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