News Corp Mulls Creation of Aussie Pay-TV Giant

Australian: News Corp. is considering consolidating its broadcasting assets by combining Fox Sports Australia with its 50 percent stake in Foxtel to unleash a sports and entertainment pay-TV giant. A deal would transform Foxtel into a much larger and more profitable cable and satellite broadcaster, making it more attractive to investors who want to bet on the soaring value of sports rights. The deal would represent one of News Corp.’s biggest strategic moves since Rupert Murdoch split his media empire in 2013.