of Cable: House Foxtel, Slayer of Pirate Bay and Protector
of Copyright - 31st August 2017
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chief executives enter, one chief executive leaves.
will be the scenario at Australia's largest subscription
television service Foxtel soon after news broke earlier
this month it would merge with Fox Sports.
merger will see Foxtel owned 80/20 by Telstra
and Rupert Murdoch's News Corp and the entirely
Murdoch-owned Fox Sports rolled into a new entity
that will then be able to list on the stockmarket.
Corp will in effect control the new company with 65
per cent of the equity and has the right to appoint
Tonagh, CEO of Foxtel, says he and Fox Sports' Patrick
Delaney are not at all anxious. Photo: Louie Douvis
with the two companies each having a CEO already,
it looks as if we'll be heading for a bloody battle
for supremacy, the likes of which Foxtel subscribers
have grown accustomed to on its top-rating breasts-and-dragons
epic Game of Thrones.
into battle will be Peter Tonagh of the House Foxtel,
Slayer of Pirate Bay and Protector of Copyright.
out to meet him will be Patrick Delaney of the House
Fox Sports, Guardian of Rugby League and The Badminton
on Wednesday Sir Tonagh dismissed suggestions there
was tension or even competition between the two Lords
of The Cable.
two current CEOs work side-by-side on everything and
we'll continue to work side-by-side on everything
until a decision is made by shareholders," Tonagh
of the two CEOs are at all anxious about that."
Because nothing screams nonchalance like discussing
yourself in the third person.
went on to insist the pair was so close that they
were even impervious to News Corps' go-to managerial
style: pitting mate against mate in a fight to the
always a bit of 'oh, lets actually create some
tensions and some friction'," Tonagh said.
it's very hard to create tension and friction between
Patrick and I."
more GoT related news, Sir Tonagh said he was "devastated"
by technical issues that had plagued the show's airing
on the company's online streaming service Foxtel Now.
for a fraction of the cost of a full cable subscription,
Foxtel Now was said to be a cheaper and legal alternative
for fans of the much-pirated GoT.
Foxtel's site crashed under the weight of "unprecedented
demand" when it released the season's first episode
last month, and thousands of customers were stuck
with glitchy streams during the final episode on Monday.
"The glitchy streams on Monday was outside of
Foxtel's control," Tonagh said.
it seems corporate raider, activist investor and US
President Donald Trump buddy, Carl Icahn has had better
luck with the stalled Fontainebleau resort that our
James Packer. According to overseas reports a partnership
led by New York developer Steven Witkoff has bought
the site for $US600 million, more than seven years
after billionaire Icahn acquired the property out
was 2009 when Packer jnr's $US250 million investment
in the casino development company evaporated after
three of its subsidiaries, including its Las Vegas
arm, filed for chapter 11 bankruptcy protection. Crown's
investment in Fontainebleau Resorts was its largest
single investment in the US, aside from the $US320
million ($394 million) it had agreed to pay for a
stake in Cannery Resorts.
said he has been exploring the purchase for four months.
He is known for building high-end condos including
150 Charles St., a luxury building in the West Village
known for celebrity residents such as Jon Bon Jovi
and Ben Stiller.
times run in the mortgage broking sector with Andrew
Thorburn's NAB-run FAST, holding its annual awards
conference last weekend in sunny Far North Queensland.
While FAST has over 1300 brokers, settling in excess
of $21 billion of loans per annually, it was invitation
only to the gala event at the Sheraton Mirage at Port
spy, dressed as a palm tree, said the day and a half
conference for the top cash writers across myriad
lending groups, culminated in a dinner on a private
beach with FAST's head, Brendan Wright, handing out
the gongs. We are not sure the topics of mortgage
stress or housing affordability came up sa they munched
on a surf 'n' turf menu FNQ-style.
to the FAST website, to get to the event on 2018,
one must settle $40 million in total settlements;
or complete 150 loan transactions; or settle $10 million
in asset finance.
the energy bosses, known as the Electric Eight from
the eight major energy companies, including AGLs Andrew
Vessy, Origin's Frank Calabria and Australian Energy
Council chief executive Matthew Warren, giving a signal
ahead of their meeting with the Prime Minister, Malcom
Turnbull and Federal Minister for the Environment
and Energy Josh Frydenberg at his Sydney CBD offices?
could be seen billowing from the five-metre vertical
green wall at the Bligh Street building just before
10am on Wednesday, a Fire & Rescue spokeswoman
fire crews spent 20 minutes bringing the blaze under
control using foam to put it out, she said. Police
closed Bligh Street as crews arrived.
still met the electricity company bosses over energy
prices at the Commonwealth Parliamentary Offices later
in the morning. The fire was believed to be an electrical
Sydney Morning Herald)