UPDATE 1-Telstra to book $195 mln Foxtel stake impairment charge on News Corp writedown

Australia's Telstra Corporation said on Friday it expects to recognise an impairment charge of about A$300 million ($195.12 million) against its investment in a 35% stake in the Foxtel joint venture with Rupert Murdoch's News Corp.

from Reuters: Company News https://ift.tt/3c9WQ6G