News Corp may yet acquire a Free to Air broadcaster.
Executive Chairman Michael Miller told Mumbrella’s 360 Conference such a move is still possible, but growth in Foxtel is the priority.
Miller also said a market consolidation is inevitable, though it will still have to adhere to ACCC regulations.
Such deals became possible after a relaxing of the Media Reforms passed last October. Whilst many had speculated it might become TEN’s future owner, a CBS deal ended that happening anytime soon.
There have recently been reports of Nine & SKY News in discussion about a Business channel, but sources suggest they are still inaccurate.