Gift 5 articles to anyone you choose each month when you subscribe. We’ve heard a few times over the summer that Foxtel owners News Corp and Telstra got one of the deals of the decade.

The sale of Foxtel (due to be completed by mid-2025) eliminates a unit where the earnings have been falling at a CAGR of 4% since fiscal 2019. It also reduces capital intensity and frees up the ...