People/Biz

Foxtel sees CEO shake-up

Foxtel CEO Richard Freudenstein is stepping down from the Australian pay-TV operator after more than four years, and will be replaced by News Corp Australia CEO Peter Tonagh (pictured).
March 17, 2016

Foxtel CEO Richard Freudenstein is stepping down from the Australian pay-TV operator after more than four years, and will be replaced by News Corp Australia CEO Peter Tonagh (pictured).

The exec is to leave Foxtel – which is co-owned by News Corp and Telstra – at the end of April to “pursue other interests,” according to a release issued by the company. He will remain as a News Corp nominee on the board of digital advertising company REA Group Limited.

Tonagh, meanwhile, previously served as chief operating officer and chief financial officer at Foxtel for nine years. He joined News Corp Australia as chief operating officer in 2013, and was appointed chief executive officer in November 2015.

He will work with Freudenstein during a transitional period, before officially taking the reins in April.

“I am extremely proud to have worked with such a great team of people who have all helped deliver our strategic plans by achieving significant subscriber growth, reduced churn and a substantial lift in our investment in Australian programming,” Freudenstein said in a statement.

Prior to joining Foxtel, the exec served as the CEO of News Digital Media and The Australian newspaper. He returned to Australia in 2006 after spending seven years at British Sky Broadcasting, most recently serving as chief operating officer.

About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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