End near for Australis

Telstra court action leads to liquidator appointment

SYDNEY — Pay TV operator Australis Media moved a step closer to extinction Monday when the New South Wales Supreme Court appointed a liquidator of the company.

This was in response to a court action by Telstra (News Corp.’s partner in feevee company Foxtel) to wind up Australis.

Australis defaulted on its regular monthly payment of about $4.5 million to the U.S. studios, due last Friday, for its film and general entertainment channels, and has until midnight Wednesday to pay up. Failing that, Foxtel takes control of that programming.

However, Australis’ receivers, who are looking to sell the company’s assets, say they expect to conclude negotiations “with various parties” (believed to include cabler Optus Vision and regional pay TV firm Austar) by Wednesday.

More Biz

  • STX Targeting August IPO in Hong

    STX Targeting August IPO in Hong Kong (Report)

    SYDNEY — Pay TV operator Australis Media moved a step closer to extinction Monday when the New South Wales Supreme Court appointed a liquidator of the company. This was in response to a court action by Telstra (News Corp.’s partner in feevee company Foxtel) to wind up Australis. Australis defaulted on its regular monthly payment […]

  • EXCLUSIVE: AR for US, UK and

    Pussy Riot Claims Responsibility for People Running Onto Field During World Cup

    SYDNEY — Pay TV operator Australis Media moved a step closer to extinction Monday when the New South Wales Supreme Court appointed a liquidator of the company. This was in response to a court action by Telstra (News Corp.’s partner in feevee company Foxtel) to wind up Australis. Australis defaulted on its regular monthly payment […]

  • Former Billboard CEO Accused of Sexual

    Former Billboard CEO John Amato Accused of Sexual Harassment and Other Misconduct

    SYDNEY — Pay TV operator Australis Media moved a step closer to extinction Monday when the New South Wales Supreme Court appointed a liquidator of the company. This was in response to a court action by Telstra (News Corp.’s partner in feevee company Foxtel) to wind up Australis. Australis defaulted on its regular monthly payment […]

  • Instagram

    Instagram Suffers Global Outage

    SYDNEY — Pay TV operator Australis Media moved a step closer to extinction Monday when the New South Wales Supreme Court appointed a liquidator of the company. This was in response to a court action by Telstra (News Corp.’s partner in feevee company Foxtel) to wind up Australis. Australis defaulted on its regular monthly payment […]

  • Harvey Weinstein arrives to court in

    Harvey Weinstein Attorney Says He Was Misquoted in 'Roles for Sex' Interview

    SYDNEY — Pay TV operator Australis Media moved a step closer to extinction Monday when the New South Wales Supreme Court appointed a liquidator of the company. This was in response to a court action by Telstra (News Corp.’s partner in feevee company Foxtel) to wind up Australis. Australis defaulted on its regular monthly payment […]

  • hearst logo

    Hearst Agrees to Pay $50 Million to Settle Data-Privacy Lawsuit

    SYDNEY — Pay TV operator Australis Media moved a step closer to extinction Monday when the New South Wales Supreme Court appointed a liquidator of the company. This was in response to a court action by Telstra (News Corp.’s partner in feevee company Foxtel) to wind up Australis. Australis defaulted on its regular monthly payment […]

  • Randall Stephenson

    AT&T Stock Drops on Justice Department's Appeal of Time Warner Merger Ruling

    SYDNEY — Pay TV operator Australis Media moved a step closer to extinction Monday when the New South Wales Supreme Court appointed a liquidator of the company. This was in response to a court action by Telstra (News Corp.’s partner in feevee company Foxtel) to wind up Australis. Australis defaulted on its regular monthly payment […]

More From Our Brands

Access exclusive content