Agence France-PresseJanuary 2, 2014 14:02
Rupert Murdoch's 21st Century Fox said Thursday it was selling its 47 percent stake in Star China TV, which operates three Mandarin-language television stations.
Terms were not disclosed.
The announcement, made by Fox and China Media Capital, said the China-based holding firm would acquire the portion of the joint venture it does not already own.
Formed in 2010 and majority-owned by CMC, the joint venture operates three 24-hour channels: Xing Kong, Xing Kong International and Channel [V] Mainland China. It also operates the Fortune Star Chinese movie library.