Murdoch's Star TV Invests in Indonesian Network

Star TV, Rupert Murdoch's Asian broadcaster, acquired a strategic stake in an Indonesian television network Thursday, securing a place in one of Asia's fastest-growing markets, the two companies said. Star TV, a satellite and cable operator based in Hong Kong, will buy 20 percent of the national network ANTV, giving it a firmer foothold in Indonesia, Asia's third most populous country. Star TV pay-television services are already available on cable and satellite in Indonesia.
Read the whole story at International Herald Tribune, September 30, 2005 »