Additional Information


Content

Murdoch to launch six TV channels in India

LONDON - Rupert Murdoch is planning to invest $100m (£51.7m) in launching six new regional TV channels in India within the next 12 months.

Share this article

The move will bolster News Corporation's presence in India, where it operates entertainment channel Star TV and has a 20% stake in Tata Sky, the third largest satellite TV operator.

The channels will broadcast in six cities, but Murdoch did not reveal their identity or the content planned for them.

Murdoch told the audience in Mumbai: "In the long term, the media and advertising outlook for Asia is tremendous as ... you see the emergence of a wealthy middle class."

However, he cited India's tough media ownership regulations as barring the way to News Corp investment in the country's print market. The maximum stake a foreign-owned company can hold in a newspaper is 26%, although entertainment TV ownership is not restricted.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Latest jobs Jobs web feed

FROM THE BLOGS

The Wall blogs

Back to top ^