News & Events

Murdoch hints to Indian TV channels

Date posted:

6th August 2008

Rupert Murdoch has announced that News Corporation will be expanding in India, with six new regional TV channels.

Rupert Murdoch has announced that News Corporation will be expanding in India, with six new regional TV channels.

There has so far been little discussion about the TV channels, and the cities for which they will be made have not been speculated on by Mr Murdoch.

However, it has been confirmed that the expansion will benefit from £51 million of investment, and will be run by the Star TV group - News Corporation's Hong Kong based media group.

The six new channels - all Indian language ventures - will deepen the company's ties to the country and will ensure a greater coverage of the Indian media market, as the Star group already operates 17 TV channels in the country.

The move represents a surge in interest in Asian economies, and Rupert Murdoch's insatiable appetite for global media ownership.

Recently, the News Corporation chairman and chief executive has been cited as being wary of future profits, despite the six months to June 2008 recording a profit hike of 59 per cent, from $3.4 billion to $5.4 billion.

For the corporation's fourth quarter, earnings were up to $1.5 billion.

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