Wednesday, May 2, 2007

CORRECTED: Murdoch's Dow deal may up Asia clout, but not China

(Reuters) - SYDNEY - News Corp.'s $5 billion bid for Dow Jones & Co. Inc. may give a boost to Rupert Murdoch's plans to expand in Asia, although China still poses a challenge for the media tycoon.

The media giant has had mixed success in Asia where it owns Hong Kong-based broadcaster Star TV and Star India but has made several unsuccessful attempts to tap China's rapidly growing media market.


Read more at Reuters.com Business News

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