Utilize the input text as a context reference, choose the right relationship between Presto and Foxtel from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Seven West Media and pay television group Foxtel have formed the Presto joint venture while Nine Entertainment group has teamed up with Fairfax Media, publisher of The Australian Financial Review , to launch Stan .

Answer: owned_by