‘Foxtel could try to buy Ten’
Foxtel could bid for Ten if the subscription TV platform’s merger with Austar is turned down, a media analyst has predicted.
Writing in today’s Australian Financial Review, Ben Holgate suggests that there might be fewer regulatory hurdles than for the Austar bid – and it would be cheaper too, particularly if Ten’s outdoor operation Eye is sold separately.
Holgate is a former media analyst at Morgan Staley and Merrill Lynch.
The ACCC has not yet issued a final ruling on Foxtel’s bid for regional pay platform Austar, but it has signalled it has concerns that competition would be reduced in the market.