Foxtel Australian Pay-tv Slashes Jobs As Coronavirus Halts Sports Seasons
Published on Apr 09, 2020
Australia’s pay-tv leader Foxtel has made 200 staff redundant, as it struggles to cope with the impact of coronavirus and the changing media landscape. It has also put 140 additional staff, mostly in its Fox Sports division, on leave until June.
The company, 65% owned by News Corp. and 35% owned by phone company Telstra, operates a mixture of movie and sports channels. But it has been live sports that allowed it to charge premium prices and retain subscribers in recent years when customers have cut the cord or turned to streaming services, such as Netflix and local player Stan, for cheaper film and TV content.
Read full article at: Variety - TV News
Author: Patrick Frater