Murdoch sells its stake in Star China TV

RUPERT Murdoch's 21st Century Fox is selling its 47 per cent stake in Star China TV, which operates three Mandarin-language television stations.

Terms have not been disclosed.

The announcement on Thursday, 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.

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