News Corp considers selling pay TV and streaming unit in Australia

News Corp considers selling pay TV and streaming unit in Australia

FILE PHOTO: A view of the News Corporation building in New York, U.S., September 21, 2023. REUTERS/Bing Guan/File Photo

Rupert Murdoch’s News Corp said it may sell Australian cable TV and streaming unit Foxtel after receiving an approach, a deal that would end its involvement in a high-overhead asset that has struggled to adapt to the Netflix era.