Free-to-air's opportunity to fleece Foxtel

Facing tough competition and a flat advertising market, there are few avenues to growth for free-to-air networks. But US-style pay TV retransmission fees could provide a path.

The performance of the listed free-to-air television networks over the back half of calendar 2012 posed one critical question: Where is revenue growth going to come from in a flat advertising market?

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