News Corp Says It Has Received Interest in Buyers for Foxtel

News Corp CEO Robert Thomson has announced that there is “third party interest” in Foxtel, and that the company is evaluating options for the business with advisors in light of “external interest.” The CEO did not indicate where the interest came from, but some U.S. media analysts believe it may be from private equity groups. “We are confident in the company’s long-term prospects and are continuing to review our portfolio with a focus on maximising returns for shareholders,” he told shareholders in the company’s quarterly financial statement issued on Aug. 9. “That review has coincided recently with third-party interest in a potential transaction involving the Foxtel Group, which has been positively transformed in recent years.”...