News Corp. Takes Full Control of Latvian Station

RIGA, June 2: News
Corporation now owns 100 percent of the Latvian broadcaster TV Riga, after
acquiring an additional 30-percent stake in the free-to-air network.

The transaction represents
a consolidation of News Corporation European Television’s (NCE TV) assets in
Latvia, which also includes 100-percent ownership of LNT, the leading Latvian
entertainment channel. NCE TV also includes SKY Italia, a minority investment
in German pay-TV operator Premiere and a range of holdings in broadcasters in
such territories as Bulgaria, Poland, Serbia and Turkey.

—By Mansha Daswani