Foxtel could raise its prices and cut spending on sport as it's revealed pay TV service lost a staggering $417 million in 2018 Foxtel reported a loss of $417 million during the course of 2018 The majority owner News Corp reported the information to the ASX on Monday The paid television service said it will cut spending on 'non-marquee sports'
By Claudia Poposki For Daily Mail Australia
Published: 17:08 BST, 13 May 2019 | Updated: 17:08 BST, 13 May 2019
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Pay television company Foxtel is set to cut its spending on 'non-marquee sporting content' and is reviewing package pricing after it lost $417 million in 2018.
Foxtel's majority owner News Corp reported the information to the ASX on Monday, according to the Sydney Morning Herald.
However it was not explicitly said what sports that this may refer to.
Foxtel could raise its prices and cut spending on sport as it's revealed
