News Corp. turns to Latvian TV
Media empire buys up TV channels
|
More Articles:
Most Viewed:
Sundance unveils competition lineup(6760 views)Bloody 3D sequels planned(2934 views)Directors in Oscar spotlight(1721 views)Summit's 'Twilight' dilemma(1388 views)Domestic box office up 8% in 2009(1314 views)Comcast's bargain purchase(910 views) |
News Corp. Europe, a subsidiary, bought a 100% stake in Latvian Independent Television and a 70% stake in TV5 for an undisclosed sum.
"LNT and TV5 are the beginning of the development of News Corp.'s network in our region," Andris Ekis, chairman of LNT, commented to the Russian-language NovoNews agency. Ekis added News Corp. was particularly interested in the Estonian, Lithuanian and Belarusian media markets.
Murdoch has also made a $5 billion bid for Dow Jones & Co., publisher of the Wall Street Journal.
