Consolidated Media Holdings Says Foxtel Subscribers Up In August, September
October 26 2011 - 11:49PM
Dow Jones News
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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