Packer not selling Foxtel stake

By David Knox on May 4, 2012 / Filed Under Pay TV 0

James Packer is not selling his 25% share of Foxtel.

The Packer controlled Consolidated Media Holdings, has issued a statement denying earlier media reports first published in the Herald Sun.

Consolidated Media said that while it had held preliminary talks about its stake in Foxtel, no offers had been made.

‘‘CMH has had very preliminary discussions concerning a possible control proposal,’’ it said.

‘No control proposal or other form of offer has been made to CMH and CMH can give no assurance that a control proposal will be made.

‘‘CMH is not considering a sale of its Foxtel interest.’’

Source: smh.com.au,

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