Rupert Murdoch decide to sell chineese channels

Ruper Murdoch’s News Corp would sell control of its three Chinese TV channels to a fund backed by China’s No2 media compan, in a pullback from the market after years of difficulty. The deal would see Chine Media Capital  acquire a controlling stake in News Corp’s Xing Kong, Xing KOng International and Channel Mainland China Channels, along with its Fortune Star Chinese movie library