China Media Capital to Buy 47% Stake in Star China TV
January 03, 2014
China Media Capital has agreed to purchase the 47% stake in Star China TV held by 21st Century Fox (NASDAQ: FOXA). China Media Capital already held a majority ownership position in the company, which was formed as a joint venture in 2010. Star China TV operates a handful of Mandarin television channels as well as the Fortune Star Chinese movie library.