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News Corp. sells stakes in China TV channels
- Source :
- Wall Street Journal. Europe. August 10, 2010, A18
- Publication Year :
- 2010
-
Abstract
- Without disclosing financial terms, News Corp. said it will sell controlling stakes in three Chinese television channels and a library of Chinese movies to government-backed private-equity fund China Media Capital. The deal signals a rethinking of News Corp.'s strategy in China as the government refuses to loosen its grip on the country's media.
- Subjects :
- News Holdings Proprietary Ltd. -- Foreign operations
News Holdings Proprietary Ltd. -- Mergers, acquisitions and divestments
News Holdings Proprietary Ltd. -- Joint ventures
Television broadcasting industry -- Mergers, acquisitions and divestments
Television broadcasting industry -- Joint ventures
Company acquisition/merger
Company joint venture
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.234919229