CPH


Ten worries eased as Foxtel buys 15% stake

Network Ten’s long search for a new financial investor led to Australian pay TV operator Foxtel acquiring a 15% stake in the Sydney-based broadcaster. Foxtel is investing up to A$77 million (US$59.5 million) in 513.3 million ordinary shares at A$0.15 a share for a stake in the free TV business. An agreement has been mooted […]