TVASIA
News Corp. Reduces Phoenix Stake
HONG KONG: News Corporation has offloaded part of its stake in the Hong Kong and mainland China broadcaster Phoenix Satellite Television, reducing its interest in the group to 12.16 percent. Through its Star Entertainment Holdings subsidiary, News Corp. is selling off a 5.28-percent stake in the company for $92 million. Phoenix operates a portfolio of Mandarin-language …
The content you are trying to access is only available to members.