Telstra to book $300m Foxtel stake impairment charge – Finance- Tempemail – Blog – Emails

Telstra expects to recognise an impairment charge of about $300 million against its investment in a 35 percent stake in the Foxtel joint venture with Rupert Murdoch’s News Corp. Telstra’s decision follows the write down in value of the pay TV operator by News Corp a few hours earlier. “Foxtel has been facing industry disruption […]