What is the relationship between Presto and Foxtel in the context of the input sentence. Choose an answer from: 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