|
Flush with cash from its economic boom, the government is in the midst of a multibillion-dollar campaign to expand the presence of state television and other state media abroad in order to promote Beijing's views. Chinese authorities also are pushing state-owned media companies to expand into profit-oriented ventures abroad. News Corp. owns newspapers, TV stations and other media assets worldwide including The Wall Street Journal, the 20th Century Fox film studio and the Fox television network. It reported global revenues of $32 billion last year. The CEO of Star China, Jack Gao, will be chief executive of the new venture, which will be headquartered in Beijing, the companies said. Last year, the Fox Filmed Entertainment unit of News Corp. invested in its first Chinese film, the Chinese-language romantic comedy "Hot Summer Days" co-produced with Star and China's Huayi Brothers Media Corp. The Australian-born Murdoch has openly expressed frustration about dealing with Chinese authorities. In 2005, Murdoch complained at a New York conference that News Corp. had "hit a brick wall" in China. He said Chinese authorities were "paranoid" and no longer wanted foreign investors in their media market. ___ Online: News Corp.: http://www.newscorp.com/ Shanghai Media Group (in Chinese): http://www.smg.cn/
[Associated
Press;
Copyright 2010 The Associated Press. All rights reserved. This
material may not be published, broadcast, rewritten or
redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor