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Michael Smith, Reuters

More from Michael Smith, Reuters

Australia’s Foxtel Bids $2 Billion for Rival Austar

Australia's biggest pay-tv firm, Foxtel, has made a $2 billion takeover bid for rival Austar in a deal aimed at reviving subscriber growth and taking on competition from free-to-air television stations.

Australia’s Packer Ups Ten TV Holdings

Australian billionaire James Packer has upped his stake in television network Ten Network Holdings to nearly 18%, signaling a return to media investments for the tycoon.