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Foxtel not mulling TEN takeover

Foxtel CEO hoses down suggestions Pay TV provider would move on a Free to Air network if media ownership is relaxed.

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Foxtel CEO Peter Tonagh has said a takeover of TEN is not on the cards if media ownership is relaxed.

He told Fairfax such a move could impact on their dealings with other broadcasters, including Nine for the NRL and Seven for AFL, Presto and A Place to Call Home.

“I think free-to-air has a number of challenges. I don’t have a view on how attractive those businesses are, longer term,” he said. “What I do know is that we are working effectively with TEN, but we are also working effectively with Nine and with FOX Sports and the NRL, and with Seven with Presto and the AFL.

“So it kind of suits us to be working with all of the different players. I’m not sure that having 100 per cent ownership of one is going to be an attractive thing for us to do because it may preclude working with the others. We’d rather have that ability to work across all of them.”

Asked if he was ruling out a takeover, he said: “I wouldn’t say ruling it out, but I’m certainly not ruling it in. It’s certainly not on my agenda.”

Tonagh now sits on the TEN board, representing Foxtel interests.

3 Responses

    1. Meant to say if WINTV buys ten rebranding it would be a good move as it is the largest television network in the country .so the brand is very well known around Australia .TEN has always had the image of being the bridesmaid never the bride being it always finishes behind seven and nine .

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