Home > Brands > Foxtel > Foxtel Gets Fast-Tracked Govt. Funds

Foxtel Gets Fast-Tracked Govt. Funds

CANBERRA: Foxtel – jointly owned by Rupert Murdoch’s News Group and Telstra – received a $10 million extension – plus early payment of $7.5 million of a previous funding from a Federal Government support package – according to an ABC report.

According to the ABC, access to freedom-of-information by Communications Department staff helped fast-track $17.5 million in taxpayer funds for the company, expediting normal Federal Cabinet processes for approval.

Foxtel received early payment of $7.5 million in government grants for sports coverage, plus an additional $10 million grant.

The decision was fast-tracked through Cabinet, breaking the normal “10 Day Rule” intended to give ministers time to assess proposals.

FOI documents from the Prime Minister, Communications Minister and Foxtel — including personal e-mails, letters and cabinet submissions reveal the speed with which the broadcaster was awarded its $10 million extension to an existing $30 million contract.

Fox Sports is only available by subscription, meaning taxpayers must pay to watch the sports they are already paying to broadcast.

You may also like
Ten Network Owner CBSViacom Set To Launch New Streaming Service
Stan Reports 28% Increase In Revenue Following Price Rise
Rugby Union On Stan A Big Flop After Waratahs Flogged
Nine Tennis Coverage Slumps, As Netball Reveals Why They Bounced Over To Foxtel
Foxtel Subs Climb 12% Revenues Up After Reshaping Of Sports Offerings