Editing Rupert Murdoch (section)

== Activities in Asia ==
In November 1986, [[News Corporation]] purchased a 35% stake in the ''[[South China Morning Post]]'' group for about {{US$|105 million}}. At that time, SCMP group was a stock-listed company, and was owned by [[HSBC]], [[Hutchison Whampoa]] and [[Dow Jones & Company]].<ref>{{cite news |title=Murdoch Move In Hong Kong |url=https://www.nytimes.com/1986/11/08/business/company-news-murdoch-move-in-hong-kong.html |access-date=15 June 2019 |agency=[[Reuters]] |date=8 November 1986 |newspaper=[[The New York Times]] |archive-date=17 April 2020 |archive-url=https://web.archive.org/web/20200417054648/https://www.nytimes.com/1986/11/08/business/company-news-murdoch-move-in-hong-kong.html |url-status=live }}</ref> In December 1986, Dow Jones & Company offered News Corporation to sell about 19% of share it owned of SCMP for {{US$|57.2 million}},<ref>{{cite news |title=DOW JONES SELLS STAKE TO MURDOCH |url=https://www.nytimes.com/1986/12/18/business/company-news-dow-jones-sells-stake-to-murdoch.html |access-date=15 June 2019 |agency=[[Associated Press]] |date=18 December 1986 |newspaper=[[The New York Times]] |archive-date=7 April 2020 |archive-url=https://web.archive.org/web/20200407213351/https://www.nytimes.com/1986/12/18/business/company-news-dow-jones-sells-stake-to-murdoch.html |url-status=live }}</ref> and, by 1987, News Corporation completed the full takeover.<ref>{{cite news |title=News Corp. Profits Rise |url=https://www.nytimes.com/1987/11/20/business/news-corp-profits-rise.html |access-date=15 June 2019 |agency=[[Reuters]] |date=20 November 1987 |newspaper=[[The New York Times]] |archive-date=17 April 2020 |archive-url=https://web.archive.org/web/20200417031120/https://www.nytimes.com/1987/11/20/business/news-corp-profits-rise.html |url-status=live }}</ref> In September 1993, News Corporation have agreed to sell a 34.9% share in SCMP to [[Robert Kuok]]'s Kerry Media for {{US$|349 million}}.<ref>{{cite news |last1=Murphy |first1=Kevin |title=Kuok to Pay $350 Million For Stake in Morning Post |url=https://www.nytimes.com/1993/09/13/business/worldbusiness/IHT-kuok-to-pay-350-million-for-stake-in-morning-post.html |access-date=15 June 2019 |work=[[The New York Times]] |date=13 September 1993 |archive-date=17 April 2020 |archive-url=https://web.archive.org/web/20200417040259/https://www.nytimes.com/1993/09/13/business/worldbusiness/IHT-kuok-to-pay-350-million-for-stake-in-morning-post.html |url-status=live }}</ref> In 1994, News Corporation sold the remaining 15.1% share in SCMP to [[MUI Group]], disposing the Hong Kong newspaper.<ref>{{cite web |title=Milestones |url=https://corp.scmp.com/milestone/ |publisher=South China Morning Post Publishers Ltd. |access-date=15 June 2019 |archive-date=29 May 2019 |archive-url=https://web.archive.org/web/20190529105549/https://corp.scmp.com/milestone/ |url-status=live }}</ref>{{Better source needed|date=June 2019}}

In June 1993, News Corporation attempted to acquire a 22% share in [[TVB]], a terrestrial television broadcaster in Hong Kong, for about $237{{nbsp}}million,<ref>{{cite news |title=NEWS CORPORATION BUYS STAKE IN HONG KONG TV COMPANY |url=https://www.nytimes.com/1993/06/17/business/company-news-news-corporation-buys-stake-in-hong-kong-tv-company.html |access-date=15 June 2019 |agency=[[Associated Press]] |date=17 June 1993 |newspaper=[[The New York Times]] |archive-date=22 April 2020 |archive-url=https://web.archive.org/web/20200422182437/https://www.nytimes.com/1993/06/17/business/company-news-news-corporation-buys-stake-in-hong-kong-tv-company.html |url-status=live }}</ref> but Murdoch's company gave up, as the Hong Kong government would not relax the regulation regarding foreign ownership of broadcasting companies.<ref name="NYT-93AUG23-StarTV"/>

In 1993, News Corporation acquired [[Fox Networks Group Asia Pacific|Star TV]] (renamed as Star in 2001), a Hong Kong company headed by [[Richard Li]],<ref name="NYT-93AUG23-StarTV">{{cite web | url = https://www.nytimes.com/1993/08/23/business/the-media-business-star-tv-extends-murdoch-s-reach.html | title = Star TV Extends Murdoch's Reach | work = The New York Times | date = 23 August 1993 | first = Philip | last = Shenon | access-date = 18 February 2017 | archive-date = 9 July 2017 | archive-url = https://web.archive.org/web/20170709113857/http://www.nytimes.com/1993/08/23/business/the-media-business-star-tv-extends-murdoch-s-reach.html | url-status = live }}</ref> from Hutchison Whampoa for $1&nbsp;billion (Souchou, 2000:28), and subsequently set up offices for it throughout Asia. The deal enabled News International to broadcast from Hong Kong to India, China, Japan, and over thirty other countries in Asia, becoming one of the biggest satellite television networks in the east;<ref name="Witzel"/> however, the deal did not work out as Murdoch had planned because the Chinese government placed restrictions on it that prevented it from reaching most of China.{{citation needed|date=May 2022}}

In 2009, News Corporation reorganised Star; a few of these arrangements were that the original company's operations in East Asia, Southeast Asia and the Middle East were integrated into [[Fox International Channels]], and [[Star India]] was spun-off (but still within News Corporation).<ref>"[https://web.archive.org/web/20090827015316/http://www.newscorp.com/news/news_423.html News Corporation Restructures Broadcast Businesses in Asia]" (press release) [[News Corporation]] 18 August 2009 Archived from the [http://www.newscorp.com/news/news_423.html original] on 27 August 2009</ref><ref>Watkins, Mary; Li, Kenneth "[https://www.ft.com/content/646058d4-8bd4-11de-b14f-00144feabdc0 News Corp announces Star TV shake-up] {{Webarchive|url=https://web.archive.org/web/20190405215416/https://www.ft.com/content/646058d4-8bd4-11de-b14f-00144feabdc0 |date=5 April 2019 }}" ''[[Financial Times]]'' 19 August 2009</ref><ref>{{cite news |last1=Chu |first1=Karen |title=News Corp. confirms STAR TV breakup |url=https://www.hollywoodreporter.com/news/news-corp-confirms-star-tv-87782 |access-date=11 January 2019 |work=[[The Hollywood Reporter]] |date=18 August 2009 |archive-date=11 January 2019 |archive-url=https://web.archive.org/web/20190111232439/https://www.hollywoodreporter.com/news/news-corp-confirms-star-tv-87782 |url-status=live }}</ref>