Consolidated Media Holdings Ltd. (CMJ.AU), which owns a quarter of Foxtel, said the pay-television provider continued to grow its subscriber base in August and September, but added that October has been more subdued.

"Clearly the retail environment remains competitive and challenged," Consolidated Media Executive Chairman John Alexander said in speech notes for the company's annual shareholder meeting.

"Nevertheless, Foxtel's subscriber performance in August and September was positive. Recent signs in October "have not been as positive", he said.

Telstra Corp. (TLS.AU) owns 50% of Foxtel and News Corp. (NWS), publisher of this wire, owns the remaining 25%.

Foxtel is awaiting Australian antitrust approval for a proposed acquisition of Austar Ltd. (AUN.AU).

-By Ross Kelly, Dow Jones Newswires; +61-2-8272-4692; Ross.Kelly@dowjones.com

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