You will be redirected back to your article in seconds

21st Century Fox to Sell 47% Stake in Star China TV

James Murdoch: Move underscores agenda of 'streamlining our affiliate ownership structures'

LONDON — 21st Century Fox said Thursday it would sell its 47% stake in Star China TV to private equity fund China Media Capital and Star China’s management team.

Formed in 2010 and majority owned by CMC, the joint venture operates three 24-hour Mandarin channels — Xing Kong, Xing Kong International and Channel [V] Mainland China — and the Fortune Star Chinese movie library.

The latest move is in line with 21st Century Fox’s strategy to scale back its investments in broadcasting in China. The company sold its controlling stake in Star China to China Media Capital in 2010.

James Murdoch, deputy chief operating officer and chairman and CEO, international, 21st Century Fox, said, “Today’s divestment underscores our broader agenda of streamlining our affiliate ownership structures.”

More TV

  • Tracy Morgan TCA

    Tracy Morgan's 'The Last O.G.' Loses Showrunner, Delayed Until 2018

    LONDON — 21st Century Fox said Thursday it would sell its 47% stake in Star China TV to private equity fund China Media Capital and Star China’s management team. Formed in 2010 and majority owned by CMC, the joint venture operates three 24-hour Mandarin channels — Xing Kong, Xing Kong International and Channel [V] Mainland […]

  • Roy Price's Top Amazon Lieutenants Under

    Roy Price's Top Amazon Lieutenants Under Scrutiny (EXCLUSIVE)

    LONDON — 21st Century Fox said Thursday it would sell its 47% stake in Star China TV to private equity fund China Media Capital and Star China’s management team. Formed in 2010 and majority owned by CMC, the joint venture operates three 24-hour Mandarin channels — Xing Kong, Xing Kong International and Channel [V] Mainland […]

  • Chelsea Handler Netflix trailer

    'Chelsea' Proves Netflix Can't Always Beat TV at Its Own Game (Opinion)

    LONDON — 21st Century Fox said Thursday it would sell its 47% stake in Star China TV to private equity fund China Media Capital and Star China’s management team. Formed in 2010 and majority owned by CMC, the joint venture operates three 24-hour Mandarin channels — Xing Kong, Xing Kong International and Channel [V] Mainland […]

  • Jon Stewart Stand Up for Heroes

    TV News Roundup: HBO to Air Jon Stewart's 'Night of Too Many Stars'

    LONDON — 21st Century Fox said Thursday it would sell its 47% stake in Star China TV to private equity fund China Media Capital and Star China’s management team. Formed in 2010 and majority owned by CMC, the joint venture operates three 24-hour Mandarin channels — Xing Kong, Xing Kong International and Channel [V] Mainland […]

  • Sophia Bush Inks Development Deal With

    Sophia Bush Inks Development, Talent Holding Deal With 20th Century Fox Television

    LONDON — 21st Century Fox said Thursday it would sell its 47% stake in Star China TV to private equity fund China Media Capital and Star China’s management team. Formed in 2010 and majority owned by CMC, the joint venture operates three 24-hour Mandarin channels — Xing Kong, Xing Kong International and Channel [V] Mainland […]

More From Our Brands

Access exclusive content