Bruce Mann, CEO of XYZ Networks, and Nikki Warburton, Group Director, Product, Sales & Marketing, Austar, have announced their departures. This news follows Foxtel’s AUD 1.9 million acquisition of Austar last month. Previously, Foxtel and Austar shared a 50:50 ownership of XYZ Entertainment. With the merger, Foxtel now owns 100 percent of XYZ. Mann steps down after spending ten years as CEO. Warburton, who has been with Austar for 12 years, will leave later this month. … [Read more...] about Top XYZ and Austar execs step down
XYZ Entertainment
Breaking: Australia’s FOXTEL and AUSTAR set to merge after regulator ACCC gives green light
FOXTEL and AUSTAR will join forces to create a national subscription television service for all consumers after the Australian Competition and Consumer Commission (ACCC) today accepted an undertaking from FOXTEL and green lit the transaction to merge the companies. The transaction is subject to final Federal Court approval on 13 April. The ACCC said today it had accepted a set of undertakings offered by FOXTEL in order to facilitate the merger process. On 30 March 2012, AUSTAR … [Read more...] about Breaking: Australia’s FOXTEL and AUSTAR set to merge after regulator ACCC gives green light
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