News Corp may be putting its 65% of Foxtel on the market but does News actually control the pay-TV group, or does another part of the empire, Fox Corp, really have a substantial interest in Foxtel?
News Corp appoints the CEO and board of the company and has bailed out Foxtel over the years with loans totalling hundreds of millions of dollars. But unless Foxtel changes its name completely once in new hands, the Murdochs will retain a major interest. The family’s other media company, Fox Corp, controls the Fox name and licences it to Foxtel.
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