News Corp has finally found a buyer for its storied pay TV offering. But what does the future hold for viewers, staff and sports deals?
Flogging Foxtel for $3.4 billion is nothing short of a Christmas miracle for News Corporation and the Murdochs, who are not only freed from the millions they have poured into propping up the business, but also land a stake in what is becoming an influential global streamer.
While many inside the News Corp camp would love to take credit for this deal, Delany can take some satisfaction in taking Foxtel from an ailing legacy pay TV broadcaster to a business that allowed the Murdochs and junior partner Telstra to recoup the money they had sunk to keep Foxtel afloat. From the DAZN side, they say Delany is integral to their plans for the business, and are backing in the company’s existing strategy.
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