News Corp. Takes ROO Stake

NEW YORK, January 29: News Corporation has become a
strategic investor in the ROO Group, a provider of online video solutions.

News Corp. will initially take up to 5 percent of ROO
shares, with another 5 percent contingent upon News Corp. achieving certain
revenue-based milestones in its usage of ROO's products and services. ROO
currently powers online global video content distribution across many of News
Corp.'s properties including The Times of London and The Australian. ROO
also has content syndication partnerships with FOX News Channel and Sky News.

"We are excited to be working with News Corp. to
further harness the enormous opportunity of online video across its global
network of prestigious media brands,” said Robert Petty, the CEO and chairman
of ROO. “We are further encouraged by News Corp.'s proven track record of
identifying and partnering with online leaders early in their growth.”