SYDNEY: News Corp. has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for $2 billion (A$3.4 billion) including debt, cutting the Murdoch-controlled media empire’s exposure to a business up-ended by streaming platforms.
News Corp. will gain a board seat and hold a 6 percent stake in DAZN, a London-headquartered global streaming platform available in North America, Europe, and Asia and backed by Ukranian-born billionaire Len Blavatnik.
DAZN is a broadcasting partner for Italy’s Serie A, Spain’s LaLiga, Germany’s Bundesliga and France’s Ligue 1. It competes against traditional TV and satellite channels and provides access to a range of sports content, including American football, boxing and baseball over its streaming platform.
“Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market, marking another step in our long-term strategy to become the global home of sport,” said DAZN co-founder and CEO Shay Segev.
Foxtel, launched by News Corp. in 1995, has weighed on the media giant’s profits for years as the number of people who pay monthly subscriptions for its broadcast content switched to cheaper streaming options like Netflix.
It has tried to diversify by adding its own streaming services like Kayo, which livestreams local sports Australian Football League (AFL) and the National Rugby League (NRL), to win back sports broadcasting market share. It also shows ESPN.
However, its earnings have suffered with the cost of sports broadcasting rights soaring just as subscriber revenue has shrunk. To help offset the costs, Foxtel often shares rights with free-to-air broadcasters.
“Foxtel’s traditional premium pricing model has long been a point of contention, particularly in an era dominated by more affordable streaming alternatives,” said Paul Budde, an independent telco analyst.
“DAZN’s entry into the Australian market, potentially offering competitive or lower rates, could dramatically shift consumer expectations and reshape the pricing landscape.”
The AFL’s current seven-year deal with Foxtel-Channel Seven, which runs until 2031, is worth A$4.5 billion, while Cricket Australia will get A$1.5 billion from the same partners over the same time period.
Tennis rights, including the Australian Open Grand Slam, have been locked up until 2029 by Nine Entertainment, which has its own streaming service, Stan.
Nine is also in exclusive talks with Rugby Australia for broadcast rights beyond next year as the country prepares to host the Rugby World Cup in 2027.
NEWS CORP FOCUSES ON PUBLISHING
The valuation on Foxtel represents seven times its 2024 earnings before interest, tax, depreciation and amortization (EBITDA), News Corp. said in a statement.
As part of the deal, shareholder loans valued at A$578 million outstanding will be repaid in full and Foxtel’s current debt will be refinanced at closing.
News Corp. chief executive Robert Thomson said the deal would allow the company to focus on its core operations of Dow Jones, digital real estate and book publishing. News owns 61.4 percent of online real estate platform REA Group and is the parent company of publisher HarperCollins.
The deal is due to be finalized in the second half of 2025 and is subject to regulatory approval, News Corp. said. Given the overseas ownership of DAZN, the transaction will need to be cleared by the Foreign Investment Review Board (FIRB).
Blavatnik is a dual US and British citizen and the founder of Access Industries which has an investment portfolio worth more than $35 billion, according to its website.
FIRB did not immediately respond to a request for comment from Reuters.
Australian telecom Telstra has also sold its 35 percent stake in Foxtel to DAZN and will receive A$128 million in cash and a 3 percent stake in DAZN.
Rupert Murdoch’s News Corp. to sell Foxtel to Britain’s DAZN for $2.1 billion
https://arab.news/4zsnv
Rupert Murdoch’s News Corp. to sell Foxtel to Britain’s DAZN for $2.1 billion
- News Corp. will gain a board seat and hold a 6 percent stake in DAZN
- DAZN is a broadcasting partner for Italy’s Serie A, Spain’s LaLiga, Germany’s Bundesliga and France’s Ligue 1
Miami Beach mayor threatens cinema closure over screening of Oscar-winning film ‘No Other Land’
- Documentary is propaganda, attack on Jews, says Steven Meiner
- Cinema’s CEO Vivian Marthell stands by decision to screen film
LONDON: The mayor of Miami Beach, Florida, has threatened to shutter a cinema that screened “No Other Land,” the Oscar-winning film that tells the story of Palestinian displacement in the West Bank.
Steven Meiner has proposed terminating O Cinema’s lease and withdrawing $40,000 in promised grant funding, following a series of requests to cancel the documentary screening.
Meiner’s proposal to terminate the cinema’s lease is scheduled for a city commission vote next Wednesday.
Critics of the film claim it unfairly criticizes Israeli and German officials and contains antisemitic content.
“The City of Miami Beach has one of the highest concentrations of Jewish residents in the United States,” Meiner said in a newsletter sent to residents on Tuesday.
He described the documentary as “a false one-sided propaganda attack on the Jewish people that is not consistent with the values of our City and residents.”
Meiner also claimed that O Cinema’s CEO, Vivian Marthell, initially agreed to cancel the screening but later reversed her decision and added additional dates after the film sold out.
Marthell said she stood by her decision.
“We understand the power of cinema to tell stories that matter, and we recognize that some stories — especially those rooted in real-world conflicts — can evoke strong feelings and passionate reactions. As they should.
“Our decision to screen ‘No Other Land’ is not a declaration of political alignment. It is, however, a bold reaffirmation of our fundamental belief that every voice deserves to be heard.”
When this mayor uses the word antisemitism to silence us, Palestinians and Israelis who proudly oppose occupation and apartheid together, fighting for justice and equality for all, he is dangerously emptying it out of meaning. Once you witness Israel’s ethnic cleansing of Masafer… pic.twitter.com/B50Mb6ymeO
— Yuval Abraham יובל אברהם (@yuval_abraham) March 13, 2025
The production, which won the Academy Award for Best Documentary Feature this month, was filmed between 2019 and 2023 by Israeli and Palestinian filmmakers.
It follows the destruction of Palestinian villages in the occupied West Bank by Israeli military forces and chronicles the unlikely friendship between Palestinian activist Basel Adra and Israeli journalist Yuval Abraham, who co-directed the film.
Abraham said in a statement: “When the mayor uses the word antisemitism to silence Palestinians and Israelis who proudly oppose occupation and apartheid together, fighting for justice and equality, he is emptying it out of meaning.
“I find that to be very dangerous.”
While the film has received critical acclaim, it has also sparked controversy, highlighting ongoing tensions over free speech and Palestinian activism both in the US and internationally.
“Freedom of expression is an important value, but defamation of Israel into a tool for international promotion is not art,” Israel’s Culture Minister Miki Zohar said in a social media post after the Oscars.
Despite its success, “No Other Land” has struggled to secure US distribution, with the filmmakers self-releasing the film through mTuckman Media.
The directors — particularly Abraham and Adra — have blamed political backlash fears as the reason for US distributors’ reluctance to acquire the rights.
The Oscar win for the film "No Other Land" is a sad moment for the world of cinema. Instead of presenting the complexity of Israeli reality, the filmmakers chose to amplify narratives that distort Israel’s image vis-à-vis international audiences. Freedom of expression is an…
— Miki Zohar מיקי זוהר (@zoharm7) March 3, 2025
The controversy comes amid heightened tensions over Palestinian activism in the US.
Earlier this week, Mahmoud Khalil, a former Columbia student activist and green-card holder who led the Palestinian solidarity movement during campus protests last year, was detained by immigration authorities.
President Donald Trump has alleged, without evidence, that Khalil has links to “pro-terrorist, antisemitic, anti-American activity.”
The incident has sparked an international outcry, with rights groups and media condemning Khalil’s detention as “a dangerous moment” and “a flagrant assault on free speech” that violates the First Amendment.
Trump adviser seeks to cut AFP, other news agency contracts
- “We should not be paying outside news companies to tell us what the news is,” Kari Lake said on X
WASHINGTON: A senior adviser to President Donald Trump said Thursday she was moving to cancel long-established contracts between three international news agencies and the federal body that oversees US government-funded news organizations.
In a post on X announcing the move to cut the contracts with Agence France-Presse (AFP), Reuters and The Associated Press, former journalist-turned-politician and staunch Trump loyalist Kari Lake said: “We should not be paying outside news companies to tell us what the news is.”
I moved today to cancel expensive and unnecessary newswire contracts for US Agency for Global Media, including tens-of-millions of dollars in contracts with The Associated Press, Reuters, and Agence France-Presse.
— Kari Lake (@KariLake) March 13, 2025
USAGM is an American taxpayer funded News Organization with an…
Lake joined the US Agency for Global Media as a special adviser last month. The agency oversees a handful of media entities dedicated to reporting news and combatting censorship abroad, such as the Voice of America (VOA), Radio Free Europe and Radio Free Asia.
“I moved today to cancel expensive and unnecessary newswire contracts for US Agency for Global Media, including tens of millions of dollars in contracts with The Associated Press, Reuters, and Agence France-Presse,” Lake said
“We should be producing news ourselves. And if that’s not possible, the American taxpayer should know why,” she added.
AFP has a number of long-running contracts to provide text, photo and video services to USAGM outlets.
Trump has made the federal-funded agencies overseen by the USAGM a particular target of his media reforms, and close adviser Elon Musk has called for VOA and Radio Free Europe to be shut down entirely for “torching” taxpayer money.
He tapped Lake in December to become the head of VOA, but she has yet to be confirmed.
LIV Golf signs multi-year broadcast deal with DAZN
- Deal with streaming site DAZN will bring its golf events to more than 200 countries
- LIV has also already agreed a deal with Fox Sports to show its 2025 season in the US
LONDON: LIV Golf announced on Friday it had secured a multi-year exclusive broadcast deal with streaming site DAZN to show its events outside the United States.
The Saudi-backed breakaway circuit had initially struggled for TV deals during its inaugural season in 2022, briefly showing tournaments for free on YouTube.
But LIV had also already agreed a deal with Fox Sports to show its 2025 season in the US.
DAZN will broadcast the LIV tour live in “more than 200 markets,” including Canada, Germany, France, Italy and Japan.
“DAZN’s cutting-edge technology and unparalleled scale give LIV Golf a significant platform to engage a truly global audience,” said LIV Golf CEO Scott O’Neil.
British streaming service DAZN was also recently awarded the exclusive global rights for FIFA’s expanded Club World Cup to be held in the US in June and July.
LIV Golf has been in talks with the PGA Tour over a possible deal to reunite the game since 2023.
PGA Tour Commissioner Jay Monahan said earlier this week that US President Donald Trump’s intervention in negotiations had “significantly bolstered” hopes of an agreement, but admitted some hurdles remain.
Turkiye’s independent news websites face closure risk after Google changes
- Google implemented algorithm changes that led to reduction in reader traffic, outlets say
- Spokesperson for the tech giant argues that the changes do not target individual websites and that they are designed to improve its search facility overall
ISTANBUL: Several independent media outlets in Turkiye face a potential risk of closure after algorithm changes made by Google led to a significant reduction in reader traffic, a joint statement from the outlets said on Thursday.
They said Google’s algorithm changes since the end of January had wiped out the vast majority of reader traffic to their websites, previously directed through Google’s “Discover” and “News” tools, and had harmed their finances.
Independent news websites including T24, Medyascope, Diken, and Birgun said that Google’s changes also blocked the public’s access to news, adding that they would take legal action.
“As independent media organizations operating in Turkiye, we announce that we will stand up for our corporate rights, our employees’ work and the support of our readers, which have been stolen by Google’s actions, on every platform,” they said.
They said they would apply to local and international legal bodies, notably Turkiye’s Competition Authority.
A Google spokesperson, requesting anonymity, said its changes do not target individual websites and that they are designed to improve its search facility overall.
“We don’t and would never manipulate search results, modify our products, or enforce our policies to promote or disadvantage any particular viewpoint,” the spokesperson said.
In 2024, Turkiye ranked 158th out of 180 countries in the press freedom index of the free speech advocacy group Reporters Without Borders. Its report said that with some 90 percent of Turkiye’s media under government influence, Turks recently turned to critical or independent media outlets for domestic news.
Independent media outlets in Turkiye are highly dependent on Google revenues as private companies are reluctant to advertise on independent websites.
On Wednesday, independent news outlet Gazete Duvar announced its closure, citing revenue losses triggered by Google’s algorithm changes alongside inflationary economic conditions.
Israeli authorities raid East Jerusalem bookstore for second time in a month, arrest owner
- Police said raid followed a complaint from a man who visited the bookstore, claiming to have seen books containing inciting content
- Educational Bookshop in East Jerusalem was raided in February amid similar accusation, sparking international outcry
LONDON: Israeli police have raided a prominent Palestinian bookstore in East Jerusalem for the second time in a month, seizing dozens of books and arresting one of the owners.
Local reports said 61-year-old co-owner Imad Muna was detained for several hours after Israeli officers arrived at the Educational Bookshop on Tuesday morning without a warrant. During the raid, they confiscated about 50 books after searching the stock using Google Translate.
“At 11:15 a.m., the police arrived at the store, and my parents were there at the time,” Muna’s son, Ahmad, said. “The police asked for the business licenses and reviewed the account books. I arrived, but they wouldn’t let me in. They went through the books, stacked a pile of books that they took.”
In February, police arrested Ahmad and Muna’s brother, Mahmoud, holding them for several days without the State Attorney’s office approval to launch an investigation. They were later placed under house arrest for five days but have not been charged.
During the first raid, police cited a children’s coloring book as evidence of incitement to terrorism.
Similar to the latest incident, authorities confiscated books based on titles, appearance, and authors, including works by British artist Banksy, Israeli historian Ilan Pappé, and US academic Noam Chomsky. Books containing visual elements associated with Palestine were also seized.
“They chose books by the cover, taking books that had a Palestinian flag, or just the word Palestine in the title,” another one of Muna’s brothers, Morad, said. “They were using Google Translate and took photos to send to their bosses.”
Police said the second raid followed a complaint from a man who visited the bookstore earlier that day, claiming to have seen books containing inciting content. Officers detained Muna “to verify his identity and details of the store,” police said, adding that they are reviewing three books seized during the operation.
“Based on the findings, a determination will be made on whether to refer the matter to the State Attorney’s office for further investigation into the suspected sale of inciting materials,” the statement said.
After Muna was released on Tuesday afternoon, most of the books were returned and the shop reopened.
However, the bookstore’s owners said the raids are part of an escalating effort by Israeli authorities to suppress Palestinian culture and should not be seen as isolated incidents.
Rights groups and intellectuals condemned the first raid as an attempt to create a “culture of fear” among Palestinians and an attack on freedom of expression.
