Foxtel
Pay television
Subscription television service incorporated in 1995 with 2.8 million subscribers across Australia. Previously a 50:50 joint venture between Telstra and News Corp, in 2018 News Corp's Fox Sports was absorbed by the company, resulting in News Corp owning a 65% stake and Telstra 35%.

Overall

Owned USA
Rating D
About the Ratings

Company Ownership

Foxtel Management Pty Ltd
AUS
News Corporation Ltd
owns 65% of Foxtel Management Pty Ltd
USA
Mass media
Operates in USA, UK and Australia in news and information services; book publishing; digital real estate services; cable network programming; and others. Brands include The Wall Street Journal, Dow Jones and HarperCollins Publishers. Brands in Australia include the The Australian, Daily Telegraph (Sydney), Herald Sun (Melbourne), Courier Mail (Brisbane), The Advertiser (Adelaide), Mercury (Tasmania), which with regional newspapers, gives them more than 59% of total circulation of newspapers. They also own Fox Sports Australia, realestate.com.au and Foxtel (50%). The company had 8000 employees in Australia in 2016.
Telstra Group Ltd
owns 35% of Foxtel Management Pty Ltd
AUS
Telecommunications services
Australia's largest telecommunications company. The company was privatised in stages starting in 1997, becoming fully privatised in 2011. Services include internet access, fixed line and mobile telephony, and pay television (through its Foxtel joint venture with News Corp).

Company Assessment

(Last updated Mar 2024)
Foxtel Management Pty Ltd
Criticism
Tax dodging in Australia
Between 2013 and 2018 this company paid $1.2 million tax on a total income of $9.4 billion, earning the number 23 spot on Michael West's Top 40 Tax Dodgers 2020. West calculated which of Australia's largest companies have paid the least tax, or no tax, on the highest incomes using five years of tax transparency data published by the Australian Tax Office.
Information
Breaching advertising codes
This company has been criticised for offensive advertising. In 2022 the Advertising Standards Bureau upheld complaints about a tv ad by this company on the grounds that it breached advertising codes. One scene depicted a woman kicking a man in the testicles. The ad was subsequently discontinued or modified.
Political donations
According to the democracyforsale.net website, this company donated $47,650 to Australia's major political parties between 2012 and 2018, as disclosed to the Australian Electoral Commision (AEC).
Corporate responsibility claims
This company corporate social responsibility claims on its website in the areas of community, the environment and reconciliation.
News Corporation Ltd
Praise
CDP Climate Change score of A-
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A-.
Source: CDP (2023)
CDP Forests score of B
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts towards removing commodity-driven deforestation and forest degradation from its direct operations and supply chains. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Forests score of B.
Source: CDP (2023)
Criticism
Settlement payment
In 2016 this company agreed to pay US$280m to resolve claims that it monopolised the market for in-store promotions at more than 50,000 retail stores across the US. They made a settlement in the Manhattan Federal Court to settle the US$2b lawsuit.
39/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 39/100 in the Media category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
CEO Pay Ratio of 258:1
In 2022 the median pay for a worker at this company was US$76,185. The CEO was paid 258 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
JUST Capital ranking
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2024 rankings the public identified 20 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 535th of 937 companies, and 7th of 14 Media companies.
Information
Most controversial companies of 2012
This company appeared fourth on RepRisk's top ten "most environmentally and socially controversial companies of 2012". Companies on the list were severely criticised during 2012 by the world's media, governments and NGOs. [Listed under Information due to age of report]
10% on Corporate Equality Index
This company has the low score of 10% on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Political donations
According to the democracyforsale.net website, this company donated $41,024 to Australia's major political parties between 2012 and 2018, as disclosed to the Australian Electoral Commision (AEC).
2.2% in Newsweek Green Ranking 2017
This company received a score of 2.2/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Climate action commitments
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
Environmental claims
This company has environmental claims on its website.
42% in Forest 500 Rankings
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 42%.
Modern Slavery statement
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Modern Slavery disclosure quality
Modern slavery disclosure is a critical step in mitigating the risk associated with modern slavery practices in companies' operations and supply chains. The quality of the disclosure signals the level of commitments and efforts that the companies have put in managing these risks. In 2021 the Monash Centre for Financial Studies analysed and ranked the disclosure quality of the modern slavery statements submitted by the 300 largest listed companies on the Australian Stock Exchange (ASX300). This company's modern slavery disclosure statement received a grade of C.
OpenSecrets.org profile
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
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Company Details

Type:
Joint venture
Revenue:
3.3 billion AUD (2016)
Employees:
2,800+ (2017)

Contact Details

Address:
5 Thomas Holt Drive, North Ryde, NSW, 2113, Australia
Phone:
13 19 99
Website:
www.foxtel.com.au

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