THE DISTILLERY: Pay TV prize

Jotters pick three outside winners from the Foxtel-Austar deal, while one sees a 'fiscal cliff' for the US.

This morning, the commentariat is firmly glued to Foxtel. After a protracted negotiation process, the Australian Competition and Consumer Commission finally gave the pay TV provider the green light to take over its regional rival, Austar, after forcing the suitor to make some content concessions. As the dust settles, commentators are trying to figure out who won – one jotter reckons it was the ACCC; another says it's Foxtel's parent, Telstra; and another again thinks it could be the corporate community as a whole. Meanwhile, there's also a warning about an upcoming "fiscal cliff" in the US, with dire consequences for the world's biggest economy, and Tony Abbott's plan to scrap the carbon tax is called into doubt.

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