FIC Acquires Stake in Real Estate TV

LONDON, January 7: News Corporation’s Fox International
Channels (FIC) has acquired a controlling stake in Real Estate TV (RETV), a
British channel that is focused on buying, selling
and property investment.

RETV will continue to be led by managing director Mark Dodd.
A relocation to join FX and Baby TV in FIC’s London office will occur in the
coming month. Terms of the acquisition were not disclosed. RETV will be looking to substantially increase consumer
marketing and cross-promotional efforts. The channel also hopes to expand its
library of acquired programming, as well as produce a range of new property
series aimed at informing, entertaining and educating audiences over the coming
year.

RETV is available on Sky Digital,
BT Vision and Virgin TV, and as an IPTV service on its website at
www.realestatetv.tv. Launched in October 2004 as a partnership between the
directors of Bruce Dunlop & Associates and Dodd, Real Estate TV is a
British property channel aimed at viewers who are looking to invest, or stay
abreast of updates within the property market, both at home and abroad.

David Haslingden, the CEO of FIC, said: “RETV is addressing
an attractive and underserved media market with strong growth potential. Our
strategy has always been to find innovative brands that satisfy market gaps and
then use our distribution power and know-how to extend these globally. We will
work aggressively to rollout the RETV service to other key markets around the
world.”

Added RETV’s Dodd, “By becoming part of FIC’s international
bouquet of channels, RETV will be able to leverage the company’s publishing,
online and other channels to further improve our viewers experience while
enhancing at the same time the value proposition we can offer to our
advertisers.”

—By Irene Lew