Rupert Murdoch's News Corporation has warned the COVID-19 pandemic will have a "material adverse impact" on its business as subscriptions to pay TV company Foxtel and sports streaming service Kayo fall and real-estate listings and advertising sales collapse.in the UK had increased, but the cancellation of sports events would affect subscription and advertising revenue for Foxtel and Kayo.
“In addition, closures of pubs and clubs and lower occupancy at hotels throughout Australia are expected to adversely impact commercial subscription revenues,” News Corp said in a statement to the US Securities Exchange Commission.The company has urged shareholders not to rely on its current earnings forecasts.
"However, the COVID-19 pandemic ... could have a material adverse impact on the company's business, results of operations and financial condition, particularly over the near to medium term." Subscriber numbers at Foxtel softened to 2.952 million for the December quarter, down from 3.065 million at the end of September, according to figures from February. Meanwhile, streaming service Kayo's paying subscriber base was 350,000, a fall from 402,000 on November 5 last year. Although Kayo’s subscriber base fell for the December quarter, News Corp said that as of February 5 there were more than 370,000 paying subscribers.
The company has not released updated figures to reflect the impact of the COVID-19 pandemic and said it was working "proactively" to offset predicted revenue losses with cost-saving initiatives.
Source: News Formal (newsformal.com)
zoesam93 zoesam prendre une glace, papa, ou maman
zoesam93 Just laughed at a mate paying through the nose for hugely expensive Foxtel subscription, who’s just gone to download a new movie & threw the remote out the back door when seeing the greedy bastards want to charge $26.50 to rent it. Charge you twice for shit. Parasites.
gogetsmarthome zoesam93 how could they fall when so many are resorting to TV binging to cope being trapped inside.
zoesam93 Who cares
zoesam93 Could it be they charge way too much for their service compared to their competitors
zoesam93 Maybe this is a reflection of how people feel right now about Rupert Murdoch. Maybe we don’t like his control of the media and his ideologies. Pell, covid 19 and the bushfires have shown us in quick succession why the media should not be owned by one person.
zoesam93 Thrilling news. Bring it on.
zoesam93 Oh Honey it has nothing to do with COVID.. more to do with shite
zoesam93 Good I hope Criminal Murdoch and all his rags go broke
zoesam93 Oh dear how sad never mind... :-D
zoesam93 Best new's I've heard in a long while.
zoesam93 Their online gambling business will make up for it
zoesam93 God y us pop xx
zoesam93 Obviously this is well researched, vetted and balanced reporting. So a must read.
RBJRON zoesam93 Every cloud has a silver lining eh?
zoesam93 Good
zoesam93
zoesam93 newsCorpse is “material adverse impact” on a fair, decent, just and kind world. And democracy.People are leaving because we are sick of funding hate, lies, climate denial, corporate greed, and OLD WHITE MEN. Necrotic and it’s not COVID19’s fault.
zoesam93 coronavirus kills off NeonCon virus infecting the world since 1970s; some light in very dark times auspol
zoesam93 Is that the pandemic that doesn’t really exist?
zoesam93 To hell with News Corp.
zoesam93 Yeah, blame it on covid19 not the toxic content it spews
zoesam93 Some good coming out of this disaster then
zoesam93 One hidden benefit of covid 19
zoesam93 Every cloud has a silver lining 💚
zoesam93 I thought these people were all about the market driving everything.
zoesam93
zoesam93 And the bad news?
zoesam93 The silver lining in this terrible situation for cafes/pubs is that the general public won't have to read their free Murdochpoison.
zoesam93 I hope that means less peroxide so less blondes. I was going to say, and more news, but you don't do that anyway.
zoesam93 Looking for hand outs buddy? We have supported you and your family for how many years? Have a cup of concrete mate, we are all suffering here sitting feeling useless not working spending our savings! I paid you this month!
zoesam93 In other news the Murdoch media is leading the charge for the NRL to restart and for everyone to kill grandpa and get back to work.
zoesam93 That makes me sad. NOT! Murdoch must bear a lot of responsibility for Trump!!!
MayneReport zoesam93 To be fair Kayo and Foxtel rely on sport being active. As much as I think they are overpriced, Kayo’s technology is clunky and they possibly weren’t performing well prior, COVID is having a huge negative impact.
zoesam93 Who gives a shit on their loss.
zoesam93
zoesam93
zoesam93 Research its beginnings by his oldies & it's clear why their products have always been of no value to anything other than lining the murdoch & shit employees pockets. The whole shebang is and always has been a toxic cesspool of slugs & societal terrorists. Pigs in the trough!
zoesam93 Good!
zoesam93 whatever unfortunately it will only impact workers and contractors. I’m sure Rupert and his offspring are well covered.
zoesam93 Good
Elia_Santoro zoesam93 Without sports, Foxtel is dead in the water. Hence the neutered NBN we now have. FTTP was THE tool that would have allowed all sports to broadcast their products direct to subscribers. All the $$ benefiting them, not the LNP's Pravda. No highly paid propagandists spreading BS
zoesam93 Haha! We love that. Downwith Fox and Murdoch
zoesam93 Diddums. The schadenfreude generated by the thought of NewsCorpse 'journalists' signing up with Centrelink will be great.
zoesam93 There is a positive effect from the COVID-19 pandemic after all
zoesam93 Perhaps all the under used staff could start producing musical videos? They could start with Sympathy For The Devil. Or he could publish news, not a bizarre biased version that bears little similarity to reality. boycottmurdoch
zoesam93 What a shame
zoesam93 there's a silver lining to every cloud
zoesam93 Sounds good to me!
zoesam93 Excellent
zoesam93 Warns? So detached from reality they don’t know we are thrilled.
zoesam93 Good news day.
zoesam93 Oh dear, never mind.
zoesam93 Oh please make it so.
zoesam93 Good.
zoesam93 Thank you , you just reminded me that I need to cancel my Foxtel/Kayo sub.... Foxtel rupertmurdoch
zoesam93 After news Corp told everyone it was a hoax. Delicious
zoesam93 Well done helping Murdoch sabotage our NBN TurnbullMalcolm !! A waste of time in the end cause his precious Foxtel is crashing Thank you SO much.
zoesam93 Foxtel was dead long before this virus, stop doing a Trump
zoesam93 Probably shouldn't call yourself NEWS Corporation if you produce no news. Propaganda and lies are being seen for what it is. Can't fix it now because all they have is overpaid hacks and no journalists.
zoesam93 What a crying shame. Vultures.
zoesam93 Foxtel put the nail in its own coffin with Kayo. I know for one that we have only had it for years literally for sports. As a loyal customer my only reward was a yearly increase.
zoesam93 Netflix is the answer for entertainment. The pub if you want to watch sport, or just start to enjoy life without too much TV. Bye bye Foxtel
zoesam93 That’s a shame. Hope they don’t go bust ASAP.
zoesam93 awww... !!
zoesam93 Good and the Gov. better not give him a handout!
zoesam93 Where’s the eat shit bot when you need it?
zoesam93 Ah, the silver lining
zoesam93 If this fascist regime gives any funds to news corpse,the Australian public should overthrow them immediately.
zoesam93 1. Join the club. EVERY business is being impacted, most of them adversely. 2. I fail to see the downside of Murdoch's propaganda factories making less money. Auspol Ausmedia Covid19au
zoesam93 Nah, people just don't want to pay for far right propaganda and nonsense like Bolt doing a circle jerk with Pell
zoesam93 Yippee!
zoesam93
zoesam93 Please, Australia, do everything you can to preserve the Murdoch programming of your daily lives, beliefs and opinions. The United States can't afford to have Australia, or its people, thinking for itself. The American Murdochs are your Great Australians, you ungrateful swine.
zoesam93 Lets hope he goes broke
zoesam93 That’s why Murdoch’s muppets are trying so hard to play it down and get people back to work. It’s hurting Lord Rupert financially. Never mind the tens of thousands of victims, and far more if Rupert gets his way.
zoesam93 BoycottMurdoch
zoesam93 You're not alone - look around you! Stop trying to get handouts.
zoesam93 Oh no. Whatever will we do.
What a shame. Dear, dear, dear.
zoesam93 Wow, so without live sport, News Corp cannot survive. Interesting.
zoesam93 😂😂😂😂😂😂😂
zoesam93 My care factor for Murdoch & others for that matter within the Goebbels science of Australian Media is absolutely zero, good news though
zoesam93 Karma.
zoesam93
zoesam93 Does anyone have the gofundme details?
zoesam93 Too bad!!!
zoesam93 Fantastic ! That's made my day !
zoesam93 I wish Rupert a loving embrace from all his grandchildren.
zoesam93 Must be the only streaming service not increasing profits due to Covid-19 !
zoesam93 The phrase 'Suffer in your jocks' comes to mind.
zoesam93 Crap content loses viewers.
zoesam93 So. Not likely to pay any tax this year? What's new?
zoesam93 Just let it happen. People may find the world a far better place without Murdoch's influence.
zoesam93 😂🤣😅
zoesam93 Boo-hoo. Perhaps if the Murdochs had injected anything into society than hatred and division they might be reaping the benefits of their actions right now.
zoesam93 Seems like a lot of sympathy for poor uncle roops on here.....
zoesam93 It’s an ill wind.... 🤨
zoesam93 Murdoch’s share in the FED will also be diminishing.
zoesam93 Hang in there, kids. The evil empire is almost vanquished.
zoesam93 Oh no - whatever are we to do. I know, give billions to the billionaire so his empire doesn’t collapse. Then he won’t get all sad and stop bankrolling my lovely political party.
zoesam93
zoesam93 Fantastic news!
zoesam93 Good thats payback for the world's shittest streaming service, can have 50mbps internet and still can barely stream with the foxtel app not to mention the price
RandaltsRandal zoesam93 Silver lining.
zoesam93 And do I care NO I do not
zoesam93 At last, some good news!
zoesam93 Yay!
zoesam93 👏👏👏💖
zoesam93 You need to ask, how shit can a streaming company be, if during a lockdown, it loses customers. 🤣🤣
zoesam93 No bail out!
RandaltsRandal zoesam93 Or is it because Murdoch is crap
zoesam93 Good so happy to hear that..hope the old bastard goes broke
zoesam93 If he can work out how to get 90million tax back on zero tax paid, I think he'll be okay.
zoesam93 Who gives s...t about Rupert Murdoch
zoesam93 This from the company that killed the real NBN ! Assholes .
zoesam93 .... umm .. derr
MorpheusBeing zoesam93 Silver linings!!! COVID19Aus Murdoch
zoesam93 Good
zoesam93 I hope it dies.
zoesam93 Thoughts and prayers...
zoesam93 Whomp Whomp
zoesam93 Great! 👍😊
zoesam93 Good. He can sell it all to the unions and retire.
zoesam93 Any excuse to increase prices.
zoesam93 Sounds to me like the chickens are coming home to roost newscorps
Elia_Santoro zoesam93 boohoo... maybe newscomauHQ can pay tax in Australia?
zoesam93 Go away RupertMurdoch
zoesam93 Good . Evil human
zoesam93
zoesam93 You'd have to be desperate to have a Foxtel subscription. This sounds like a 'please bale me out' signal. The parasitic Murdoch's will be working overtime for financial assistance.
zoesam93 Anybody care?
zoesam93 So it is true, every cloud does have a silver lining!
zoesam93 I’m devastated
zoesam93 NS Sherlock 🕵️♂️
zoesam93 NewsCorpse in both body and in spirit (style).
zoesam93 😂 in a pandemic, when almost 35 million people are locked indoors your TV subscription numbers should logically increase. If they drop it is because people are telling you either they don’t like your programming content or they don’t like you. handsoffOURmoneyRupert
zoesam93 Good
zoesam93 Aww diddums. We care not!
zoesam93 Old Rupe could always put his hand in his pocket and the pockets of all his billy lids too
zoesam93 Cya cunt
zoesam93 Good riddance
zoesam93 Ahh capitalism
zoesam93 Is it wrong to squeal with joy at this news?
zoesam93 News Corp needs to rename it's titles to reflect reality: Daily Pedograph The Pedoralian PedoTel All owned by Pedopert Murdoch.
daveyk317 zoesam93 Best news I heard today!
zoesam93 My hunch is liberal party will pay Murdoch and bail them out. This is just a precursor to that news.
zoesam93 Boo hoo.
zoesam93 FFS, he's not putting his hand out too
zoesam93 One silver lining.
zoesam93 Silver lining!!! boycottNewsCorp cancelFoxtel boycottMurdoch
zoesam93 people have to stay home and watch what is sold as foxtel - and realise it is just absolute shit. Pay some taxes you free loading bludgers
zoesam93 A small rainbow in an otherwise black sky.
zoesam93 Kayo has never shown any sporting event live, what’s changed now?
zoesam93 The prime minister calls emergency meeting of cabinet....
zoesam93 Hope they go broke with nothing left who cares about Murdochs gutter press papers where the truth goes to die auspol LiarFromTheShire CrimeMinister ScottyFomMarketing Scovid19 COVID GoldfingerPell Pell
zoesam93 Shut it down
zoesam93 BooFHoo
zoesam93 Ok I will donate Rupert a block of cheese to go with his whine 🤣🤣🤣🤣
zoesam93 Heart bleeds .... Billionaire Murdoch trying to extract more money from struggling Australian taxpayers. They should have been sent packing from these shores years ago.
MarionGroves zoesam93 And that is a bad thing how?
geeksrulz zoesam93 Oh no! Looks like Mudoch may come looking for another handout from his pals in the Government.
zoesam93 Good
zoesam93 😂
zoesam93 When you think things couldn’t get any worse and then this happens. A positive news story.
DocWSJames zoesam93 Wow...so even when ppl are forced to stay home they still won’t watch Foxtel..despite the Gov throttling it’s competitors..that’s amusing. I guess they get a bigger pay check this year then?..the Gov won’t let their propaganda arm fail.
zoesam93 I’ve got a super easy way to fix this Foxtel rupertmurdoch Listen carefully now - halve the amount of adds during live tv MINIMUM. How a paid service can have that many adds is a slap in the face to consumers. - provide online users with ALL CHANNELS Cont
zoesam93 Fingers crossed Murdoch loses everything
zoesam93 Excellent news, hopefully the pending law suits afainst Fox will bleed him dry
geeksrulz zoesam93 Thoughts and prayers rupertmurdoch 🙏🏻 lol
zoesam93 Who gives a flying fuck when people are dying? This is what you sound like...
zoesam93 That's ok we can live without any of them
zoesam93 BEST NEWS THIS YEAR. auspol
zoesam93 I cancelled Foxtel and KAYO because of right wing rednecks like Bolt, Jones, Murray etc as were spewing out propaganda.
bsadams25 zoesam93 Oh diddums. I'm all out of fucks to give.
zoesam93
zoesam93 I say let's celebrate on the demise of the old c**ts empire and wish it would hurry up
zoesam93 Wondering if that's why a certain australian economics editor keeps demanding that we throw the oldies onto the bonfire.....
zoesam93 Awww and News Corp think we actually care... Sad.
zoesam93 Ah! Good riddance!
zoesam93 At last some good news!
samesam02 zoesam93 What they are disappointed that no one wants to subscribe to them even when they are stuck at home! Lol
zoesam93 Couldn't happen to a more deserving arsehole
zoesam93 Call it '...CHINA's CORONA VIRUS...' It's made in China virus
GilDrgil zoesam93 Great...bring it on...bye bye murdoch
zoesam93 And this is not good news?
zoesam93
zoesam93 Odd given they spent the first few months trying to tell the world it was a hoax
zoesam93 Omg!!! How will Western civilisation survive if Murdoch loses $$! 1,000s sick, ppl dying, but we're supposed to feel sad about this? Meanwhile, ppl have no income: don't meet narrow criteria for govt assistance, or their employer refuses to do Jobkeeper application! auspol
zoesam93 boo effing hoo
zoesam93 HOPE SO .
zoesam93 The only great news out about fox
zoesam93 Well at least one positive to come from this disaster 😊
zoesam93 Best NEWS !!!! auspol
zoesam93 Down Down Down. Go down.
zoesam93 We can live in hope.
zoesam93 The end of the Murdochrocy is something a lot of people around the world would only dream about. Now that would be a good news story Such an awful enterprise that can and does interfere with governments for its own personal gain at the expense of those who live in those countries
zoesam93 Is he after a bail out from his mates in the government? If he suffers losses then I guess that means he will continue to pay zero tax for years to come.
zoesam93 If Murdoch isn't killed by virus then its all been for nothing
zoesam93 Good
zoesam93 About time.
zoesam93 Some good news for once
zoesam93 So what? You were losing the battle to netflix anyway.
zoesam93 Good!!!
zoesam93 Quite sad. Baaaaaaahaahahaaa. Sob.
zoesam93 There, there. There, there. (as I pat him on the back)....
zoesam93 Good
zoesam93 Rupert should feel lucky he's allowed to utilise our NBN at all.
zoesam93 Subscriptions were falling way before the virus.
zoesam93 Excellent news. If it results in the total destruction of the Murdoch press and their pay TV, Foxtel and sports streaming services the world will be a much better place.
zoesam93 Boo fookin hoo
zoesam93 If you can’t get people to subscribe when they are literally stuck in their house then when can you? youjustmightbedone
zoesam93 Well ain't that a shame.
zoesam93 Good.. leave
zoesam93 Every cloud....
zoesam93
zoesam93 Let the market decide.
zoesam93 How sad. And after they decided to pull their contribution to AAP too. Says a lot that their streaming services are being hit too. Maybe they’re junk, Rupert?
zoesam93 Those fuckers are meat eater, they don’t care about nothing
zoesam93 FOXTEL needs to cut out all the advertisements, its almost unwatchable.
zoesam93 Rubs hands together. ‘Ex cell ennnt. Excellllllennnnt.’
zoesam93 So that’s two silver linings - Trump likely getting booted and Merdeoch losing his empire.
zoesam93 This could happen to Sky & all of Murdoch's businesses in Australia including Morrison & the LNP/IPA? He was declared unfit to operate media business by a legal committee in England. Why would that not be true & apply in Aust? MrKRudd auspol COVID19
zoesam93
zoesam93 Couldn’t happen to any organisation more fitting
zoesam93
zoesam93 Great news 👍. The world would be a much nicer place without newscorpse.
zoesam93 Let News Corp collapse. I don’t want a single cent of my money put to saving it.
zoesam93 Who would care?
zoesam93 Eat shit n die Murdock!
zoesam93 Nah. I cancelled and refuse to give any money to Murdoch for years now. Sport isn’t worth funding the man who is destroying multiple countries with poisonous conservative politics.
zoesam93 Cry me a river!
zoesam93 Stiff shit!
zoesam93 People dont want to pay for propaganda. Especially if it risks their lives with 'economic herd immunity' nonsense that creates more social/economic harm
Theodore_Bear zoesam93 Cry me a river!
zoesam93 What’s astonishing about Kayo which entirely broadcasts sport, is they expect their customers to keep paying the same price when they are not broadcasting any major sport (with a couple of exceptions). They are basically just showing repeats.
zoesam93 Imagine paying no tax, being gifted billions in taxpayer's money for no apparent reason, and having the NBN destroyed just to help your business and still failing miserably. And it couldn't happen to a more deserving megalomaniacal, evil cartoon villain.
zoesam93 My heart bleeds.
MarionGroves zoesam93 Good. Years of ripping everyone off, also reason why we have a second rate internet service of FTTN rather than FTTP
zoesam93 Karma
zoesam93 Boo hoo
zoesam93 Good.
zoesam93 Who cares... people are struggling to put food on the table... just another billionaire worried about his bottom line
roger3cav zoesam93 Every is looking to blame COVID for problems that have been obvious for quite some time.
zoesam93 This is why news corpse want to get 'back to work', 'snap it back', 'stop the bludging' and other 3 word bogan slogans. Mmm, they never seem to address the reason the country went into the lockdown in the first place...stop people from f'kin DYING!
u_hardy zoesam93 In these trying times I think the Murdoch family Financial Incentive Reward and Entitlement Fund should be increased forthwith!!!!!!
zoesam93 Hence the talking heads at the The Australian and SkyNews starting to stack on about 'getting back to work'. Dogs.
zoesam93
zoesam93 Falling subscriptions is DEFINITELY covid’s fault
zoesam93 Does poor Rupert need a bailout?
zoesam93 This is a bad thing?
zoesam93 Not often I scroll through twitter and come across some good news.
zoesam93 hurrah!
zoesam93 Unbelievable
zoesam93 Dip into your pocket Murdoch and keep it going. How many billion can one man stand?
zoesam93 Maybe a little less garbage from unknown sources. Anda bit more truth, with factual content and transparency.
zoesam93 Oh well, bye! Share investors will also be ignoring this dud. Turns out the sheer bulk of those 1/3 of Aussies who actually wasted their money on it, really only had it for sport that couldn't be watched on free-to-air.
zoesam93 The panicdemic.
zoesam93 No sports don’t really need a sport streaming service
zoesam93 diddums
zoesam93 As Foxtel and its owner were responsible for the patchy NBN because it wanted to protect its cable business I have zero sympathy.
zoesam93 Tough. Try reporting the news as truth rather than bend it, lie about, under report it, sensationalise it, use it to manipulate voting and as a source of perverted entertainment.
zoesam93 Tee Hee
zoesam93 And after getting our NBN screwed to appease the old bast..d. Pity.
zoesam93
zoesam93 I hope the Murdochs go broke over Covid-19. boycottfoxtel boycottnewscorp BoycottFoxAndAdvertisers
zoesam93 The only way subscriptions to a TV streaming service can fall when everyone is required by law to sit inside watching TV, is if its content is dreadful. Truth is - its subscriptions were collapsing long before COVID-19.
zoesam93 Great news
zoesam93 If Foxtel was smart they would give up making proprietary hardware & become a YouTube TV like service
zoesam93 Let's hope so!
zoesam93 What else is there besides sport who wants to pay for original content not me
zoesam93 Shame I am heartbroken (sarcasm)
zoesam93 couldn't happen to a nicer organisation nosympathy
zoesam93 People will be crying over this announcement = News Corps to suffer financial loss while people die - so sad for New Corps = perhaps a donation may help!!
zoesam93
zoesam93 How's your balance book looking? 😸
zoesam93
zoesam93 Good!
zoesam93 Poor Rup!
zoesam93 Gee, that's a damn shame.
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