The banks are also abandoning the company — unwilling to refinance its $1.5 billion debt. Foxtel has since received some reprieve in the form of a $200 million loan from South Korea’s Hana Financial Investment Co Ltd. For the rest, News Corp will have to cover the difference.
Foxtel is reaching a threshold where it will have to decide if it wants to continue its proprietary pay-TV service. With declining revenues and fewer sports services, it will be interesting to see when News Corp will finally pull the plug.
The Sun records £68m loss amid falling sales and hacking damages | Media | The Guardian
What Bolt missed in his commentary today in the UK.
Updated
'Things changed over past 48 hours': Experts warn of global coronavirus pandemic
Major football games and concerts could be cancelled and schools closed as a coronavirus pandemic appears increasingly likely after outbreaks in Italy, Japan, Iran and South Korea
Global stocks tumble, as the growing number of coronavirus cases outside China slams share markets into reverse. The ASX eyes a second session of heavy losses.
Coalition struggles to push coal and gas into Clean Energy Finance Corp
Plans by Scott Morrison and Angus Taylor to deliver power plants across the nation are in disarray; the $1 billion Grid Reliability Fund has not materialised, green bank investment has shuddered to a halt, and the $300 million fund at the heart of the National Hydrogen Strategy has vanished
FAKE NEWS
VOTE LABOR OR DIE?: WHAT SCIENCE REALLY SAYS ABOUT LABOR'S CLIMATE PLAN
Labor promises a huge new global warming plan without telling you the cost or what it will do. Climate hysteric Malcolm Turnbull backs it, claiming we'll otherwise have an "uninhabitable" planet. Vote Labor or die? In fact, this is a fraudulent scheme built on some fraudulent scares. I show the science on The Bolt Report. Watch.
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