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News Corp. eyes Channel V

Star TV subsidiary wants 100%

NEW DELHI — News Corp.-backed News Television India is planning to increase its ownership in Channel V from 87.5% to 100%, buying out the stake of BMG, Time Warner and Sony.

Channel V, a music channel on the Star platform in India, will become a fully owned subsidiary of News Television India, which itself is a wholly owned subsidiary of Hong Kong-based Star TV network.

News Television India had recently announced its expansion plans relating to production and marketing of Indian films as well as sourcing music and audio software content in India and abroad.

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