Foxtel Owners Reach Agreement On Sky News
Foxtel’s owners – Telstra and News Corp – have reportedly reached an agreement on Sky News’ carriage fees, thereby allowing the broadcaster to remain on air.
Some market commentators had forecast that a delay in the deal, could stall the proposed merger of Foxtel and Fox Sports.
Whilst Telstra & News Corp failed to reach an agreement before the deal’s expiry date on December 31st, 2017, Mumbrella has revealed that new terms have been agreed upon and will be finalised soon.
A spokesperson for Sky News offered their confirmation:
“Telstra has agreed to new terms”.
When queried by media, both Telstra and News Corp could not confirm whether the Foxtel and Fox Sports merger was affected by the negotiations.