Hong Kong – Star Entertainment Holdings Limited, a wholly-owned subsidiary of News Corporation, has agreed to sell approximately 5.28% stakes in Phoenix Satellite Television Holdings Limited (Phoenix) for approximately US$92 million. Star Entertainment Holdings Limited’s total ownership stake in Phoenix will now be reduced to an estimated 12.16% following the sale. James Murdoch, Deputy Chief Operating Officer and Chairman and CEO, International, News Corporation, said, "Mr Liu … [Read more...] about News Corporation reduces stakes in Phoenix Satellite Television Holdings Limited
News Corporation
News Corporation to sell stake in New Zealand’s SKY Network Television Limited
Sydney, Australia – News Corporation announced that its News Limited subsidiary will divest its 44% stake in SKY Network Television Limited, New Zealand’s pre-eminent pay television broadcasting service. News Limited has appointed Deutsche Bank to underwrite and, together with Craigs Investment Partners, to manage the sales of its SKY shares. It is expected that the shares will be sold to a broad range of institutional and retail investors. Following the sales, News Limited will no … [Read more...] about News Corporation to sell stake in New Zealand’s SKY Network Television Limited
Broadband Asia & TV Connect Asia 2013 to return to Hong Kong
London – Broadband Asia & TV Connect Asia 2013, Asia Pacific’s largest broadband and media event taking place from April 9-10, has relocated back to Hong Kong. Hong Kong’s leading operators PCCW and HKT are the event’s official Host Operator Partners. The event also has support from CSL, Pacnet and the Commerce and Economic Development Bureau for Hong Kong. The conference and exhibition will highlight new developments in TV and broadband, bringing together the two … [Read more...] about Broadband Asia & TV Connect Asia 2013 to return to Hong Kong
Global leaders join Asia Pay-TV Operators Summit
Hong Kong / Singapore / Mumbai – Leaders of global media and telecom companies are meeting on April 22 - 24, 2013, in Bali, Indonesia for the fourth annual Asia Pacific Pay–TV Operators Summit (APOS). Organised by Media Partners Asia, APOS is a regional event for TV and broadband industry executives aimed to drive strategies, deals and policies across the converged ecosystems of media and telecoms. "Both emerging growth markets and mature, value geographies in Asia Pacific are … [Read more...] about Global leaders join Asia Pay-TV Operators Summit
Hulu’s CEO Jason Kilar resigns
Hulu’s Founding Chief Executive, Jason Kilar, has announced on Hulu’s blog that he will be stepping down from his role in the next three months. The New York Times reported that his departure comes just several months after Providence Equity Partners, the only independent owner of Hulu, sold its 10% stake originally bought for US$100 million, for US$200 million. The report also added that Kilar’s departure is certain to raise speculation about the future of Hulu due to … [Read more...] about Hulu’s CEO Jason Kilar resigns
News Corp completes acquisition of ESPN STAR Sports
Hong Kong and New York – News Corporation and ESPN announced that News Corporation, through a wholly-owned subsidiary, has completed its acquisition of ESPN's partnership interest in ESPN STAR Sports (ESS) pursuant to their agreement announced on June 6, 2012. Upon the closing of the acquisition, ESS became a wholly-owned subsidiary of News Corporation. … [Read more...] about News Corp completes acquisition of ESPN STAR Sports
