News Corp May Get Boost in Pay-TV Battle with Netflix

Bloomberg: A plan by News Corp. to gain control of Australia’s largest pay-television provider would give the company a freer hand to accelerate price cuts and buy new shows to compete with Netflix. News Corp. and Telstra, the joint owners of pay-TV service Foxtel, are considering a deal that would reduce Telstra’s stake in the venture and take News Corp.’s to 51 percent. News Corp. would inject Fox Sports Australia into Foxtel and the business may then be publicly listed.