News Corporation chief executive Robert Thomson has signalled that the Rupert Murdoch-controlled media giant is edging closer to a float of pay-tv unit Foxtel, Melbourne’s The Age reported.
Thomson attributed a rise in the company’s first-quarter profits to the pay TV company and US unit Dow Jones, but would not confirm whether an initial public listing was on the cards for Foxtel.
The pay-tv unit runs streaming services Kayo Sports, Binge and Flash, and Thomson confirmed a strategic review of the business was underway.
Read the full report: The Age
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