Today in Media Files, News Corp's results announced today show Foxtel's poor performance, and the Caboolture News' social media feeds got a bit sweary yesterday.
Foxtel's poor performance. Red seems to be the colour of choice for Foxtel. It's the colour of its new logo, but also for the company's overall performance in the year to June, hit by weak advertising, weak subscriber numbers (again) and the impact of Ten's collapse into administration. News Corp cut the value of Foxtel by US$227 million at the halfway mark because of the weak outlook, and that was an act of foresight as subscriber numbers remained stuck on 2.8 million (at the end of December they were just above 2.8 million), bolstered by a small rise in the fourth quarter with the launch of the Foxtel Now streaming service (as planned).