News Corp is shelling out hundreds of millions of dollars in loan repayments for Foxtel. If the banks don't start helping out, News Corp shareholders will keep footing the bill.
Questions about Foxtel's ailing financial health swarm ahead of News Corp's June results, released this week.
As Foxtel losses continue and News Corp desperately seeks to resize media operations, Australian head Michael Miller has hit the interview circuit to spin the company's dire fortunes.
The financials are bad for Foxtel, but the bigger worry is the slump in subscriber numbers.
News Corp's September quarter results show that Foxtel will either need a boost in subscriber numbers or in average revenue if it wants the summer to be a profitable one.
Foxtel's chief marketing officer, Andy Lark, lasted just 10 months in the role before leaving the company. His replacement will have added pressure to turn Foxtel's fortunes around.
New profit reports from News Corp and Telstra indicate that Foxtel's subscriber base is still fraught, and things will probably get worse before they get better.
We're starting to wonder who, if anyone, is doing quality checks on programming at Sky News.
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