{"id":7023,"date":"2014-01-03T03:14:38","date_gmt":"2014-01-03T03:14:38","guid":{"rendered":"https:\/\/ft-agency.com\/wordpress\/?p=7023"},"modified":"2014-01-03T03:15:15","modified_gmt":"2014-01-03T03:15:15","slug":"rupert-murdochs-fox-sells-star-china-stake-to-management-group","status":"publish","type":"post","link":"https:\/\/ft-agency.com\/wordpress\/rupert-murdochs-fox-sells-star-china-stake-to-management-group\/","title":{"rendered":"Rupert Murdoch\u2019s Fox sells Star China stake to Management Group"},"content":{"rendered":"

Rupert Murdoch\u2019s 21st\u00a0Century Fox Inc. sold its minority stake in Star China TV, part of a strategy to divest businesses in which the company can\u2019t gain majority ownership.<\/p>\n

China Media Capital and the management team of Star China, owner of three 24-hour Mandarin-language TV networks, are buying Fox\u2019s 47 per cent stake in the venture, the companies said yesterday in a statement. Terms weren\u2019t disclosed.<\/p>\n

Fox is ramping up investments in television distribution and production in other countries. Last year, the company gained control of satellite TV operator Sky Deutschland AG, and in June 2012 acquired the 50 per cent of Star Sports in India it didn\u2019t own from Walt Disney Co. Fox sold a minority stake in set-top box maker NDS Group Ltd. in 2012.<\/p>\n

\u201cToday\u2019s divestment underscores our broader agenda of streamlining our affiliate ownership structures,\u201d James Murdoch, deputy chief operating officer and the son of Chairman and Chief Executive Officer Rupert Murdoch, said in the statement.<\/p>\n

China Media Capital, a media and entertainment focused fund, acquired 53 per cent of Star China from Murdoch in 2010. Star China operates Xing Kong, Xing Kong International and Channel V Mainland China, as well as the Fortune Star Chinese movie library, according to the statement.<\/p>\n

Fox continues to hold strategic investments where it doesn\u2019t have majority ownership, including British Sky Broadcasting Group Plc and Hulu LLC. In May 2012, the company acquired about 17 per cent of Beijing-based Bona Film Group Ltd., one of China\u2019s biggest film distributors.<\/p>\n

Fox, owner of the Twentieth Century Fox film studio and US cable channels including FX, gained 1.3 per cent to US$35.63 (RM117.098) yesterday in New York. The Class A stock increased 56 per cent last year.<\/p>\n

\"Rupert<\/a><\/p>\n

More@\u00a0https:\/\/www.themalaymailonline.com\/money\/article\/rupert-murdochs-fox-sells-star-china-stake-to-management-group<\/a><\/p>\n

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Rupert Murdoch\u2019s 21st\u00a0Century Fox Inc. sold its minority stake in Star China TV, part of a strategy to divest businesses in which the company can\u2019t gain majority ownership. China Media Capital and the management team of Star China, owner of three 24-hour Mandarin-language TV networks, are buying Fox\u2019s 47 per cent stake in the venture, […]<\/p>\n","protected":false},"author":2,"featured_media":7024,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[74,76,122,75,72,77,73,83,92,93,91,102,94,79,104,98,82,87,100,101,88],"class_list":["post-7023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-actors-china","tag-children-actors-china","tag-chinese-celebrity-agent","tag-dancers-china","tag-foreign-actors-china","tag-foreign-talent-agency","tag-models-china","tag-83","tag-92","tag-93","tag-91","tag-102","tag-94","tag-79","tag-104","tag-98","tag-82","tag-87","tag-100","tag-101","tag-88"],"yoast_head":"\nRupert Murdoch\u2019s Fox sells Star China stake to Management Group - FTA<\/title>\n<meta name=\"description\" content=\"China Celebrity Agent, Foreign Actor & Model China, \u5916\u7c4d\u6a21\u7279 ,\u5916\u7c4d\u6f14\u5458 ,\u5728\u4e2d\u56fd\u7684\u5916\u7c4d\u6f14\u5458, \u5916\u7c4d\u6f14\u5458\u7537, \u5916\u7c4d\u827a\u4eba, \u5916\u56fd\u827a\u4eba , \u5916\u56fd\u513f\u7ae5\u6a21\u7279, \u5916\u56fd\u513f\u7ae5\u6f14\u5458, \u5916\u7c4d\u513f\u7ae5\u6a21\u7279, \u5916\u7c4d\u6f14\u51fa, \u5916\u7c4d\u821e\u8e48, \u5916\u7c4d\u821e\u8e48\u6f14\u51fa, \u5916\u7c4d\u4e50\u961f, \u5916\u7c4d\u6b4c\u624b\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ft-agency.com\/wordpress\/rupert-murdochs-fox-sells-star-china-stake-to-management-group\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oliver\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ft-agency.com\\\/wordpress\\\/rupert-murdochs-fox-sells-star-china-stake-to-management-group\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ft-agency.com\\\/wordpress\\\/rupert-murdochs-fox-sells-star-china-stake-to-management-group\\\/\"},\"author\":{\"name\":\"Oliver\",\"@id\":\"https:\\\/\\\/ft-agency.com\\\/wordpress\\\/#\\\/schema\\\/person\\\/f076e4c00545b6ff0cb77e74c9bb28ad\"},\"headline\":\"Rupert Murdoch\u2019s Fox sells Star China stake to Management Group\",\"datePublished\":\"2014-01-03T03:14:38+00:00\",\"dateModified\":\"2014-01-03T03:15:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ft-agency.com\\\/wordpress\\\/rupert-murdochs-fox-sells-star-china-stake-to-management-group\\\/\"},\"wordCount\":320,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ft-agency.com\\\/wordpress\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ft-agency.com\\\/wordpress\\\/rupert-murdochs-fox-sells-star-china-stake-to-management-group\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ft-agency.com\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/01\\\/Rupert-Murdoch-Sells-stake.jpg\",\"keywords\":[\"Actors China\",\"Children actors China\",\"Chinese Celebrity Agent\",\"Dancers China\",\"Foreign Actors China\",\"Foreign Talent Agency\",\"Models China\",\"\u5728\u4e2d\u56fd\u7684\u5916\u7c4d\u6f14\u5458\",\"\u5916\u56fd\u513f\u7ae5\u6a21\u7279\",\"\u5916\u56fd\u513f\u7ae5\u6f14\u5458\",\"\u5916\u56fd\u827a\u4eba\",\"\u5916\u7c4d\u4e50\u961f\",\"\u5916\u7c4d\u513f\u7ae5\u6a21\u7279\",\"\u5916\u7c4d\u6a21\u7279\",\"\u5916\u7c4d\u6b4c\u624b\",\"\u5916\u7c4d\u6f14\u51fa\",\"\u5916\u7c4d\u6f14\u5458\",\"\u5916\u7c4d\u6f14\u5458\u7537\",\"\u5916\u7c4d\u821e\u8e48\",\"\u5916\u7c4d\u821e\u8e48\u6f14\u51fa\",\"\u5916\u7c4d\u827a\u4eba\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ft-agency.com\\\/wordpress\\\/rupert-murdochs-fox-sells-star-china-stake-to-management-group\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ft-agency.com\\\/wordpress\\\/rupert-murdochs-fox-sells-star-china-stake-to-management-group\\\/\",\"url\":\"https:\\\/\\\/ft-agency.com\\\/wordpress\\\/rupert-murdochs-fox-sells-star-china-stake-to-management-group\\\/\",\"name\":\"Rupert Murdoch\u2019s Fox sells Star China stake to Management Group - 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