Foxtel, half owned by Telstra Corporation Limited (ASX:TLS), with News Corp (ASX:NWS) and Consolidated Media Holdings Limited (ASX:CMJ) each holding a 25 per cent share, says it has lifted the number of subscribers in the first half, with 2.1 per cent growth.
The chief executive says the pay TV operator is on track to beat the $551 million in earnings before interest, tax, depreciation and amortisation for 2010/11.
Foxtel is launching a 24-hour Fox Footy channel this month and coverage of the London Olympics will start in July.
Telstra posted a net profit of $1.5 billion for the six months to December 31, 2011.
TLS Price at posting:
$3.37 Sentiment: None Disclosure: Held
