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Murdoch May Get Boost in Pay-TV Battle With Netflix in Australia

2016-03-23 16:06:01| Telecom - Topix.net

A plan by billionaire Rupert Murdoch's News Corp. to gain control of Australia's largest pay-television provider would give the company a freer hand to accelerate price cuts and buy new shows to compete with Netflix Inc. News Corp. and Telstra Corp., the joint owners of pay-television service Foxtel, are considering a deal that would reduce Telstra's stake in the venture and take News Corp.'s to 51 percent, according to people with knowledge of the matter. As part of the proposed deal, News Corp. would inject its Fox Sports Australia business, a local unit for sports content, into Foxtel and the business may then be publicly listed, said the people, asking not to be identified as the talks are private.

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