Foxtel IPO still on says News CEO, despite falling revenues

August 11, 2018 10:30

News Corporation CEO Robert Thomson remains committed to Foxtel being floated on the stock market despite falling revenues at the subscription TV service.

Thomson told investors following the release of News Corp’s 2018 annual report he was confident the company could turn around Foxtel’s falling subscriber and advertising revenue citing a new mood and momentum at the pay-TV operator along with plans for tighter cross-promotion with News’ Australian mastheads.

News Corp’s Thomson says there’s a new mood and momentum at Foxtel

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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4 COMMENTS

Lloyd Duff 12 Aug 18

Foxtel has failed to understand people who joined their service but also have written off Australian Horror fans with no Horror channel and a terrible range of films of which most people have a better range in their DVD collection. Foxtel should learn to “GET WITH THE TIMES”

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Ozwords 13 Aug 18

There’s a new word for spin news Corp. It’s churn.

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MOONEE PONDS 13 Aug 18

New mood in Foxtel? Maybe a full Moon, but same old tricks wait for the price rise in subscription price coming soon to all subscribers (-:

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Netflick fan 15 Aug 18

hahaha yup and the free give always and discounts to reduce the carnage….any subscriber not wanting to pay full price needs to disconnect to get a discount…such a bad business model….

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