News Corp. Deputy COO James Murdoch Expects Asia, Sports To Help Grow Business
News Corp. Deputy COO James Murdoch, son of the media company’s founder Rupert Murdoch, said that "viewers in Southeast Asia and Latin America will help fuel growth for its cable-programming business in the next two to three years," according to Edmund Lee of BLOOMBERG. Murdoch said, "India is a very important market for us -- it’s one of our largest international markets. We’ve also made great strides in South America over the last few years, particularly the launch of our sports business there." Murdoch said that News Corp. also "wants to streamline some of its overseas businesses that aren’t consolidated." Last month, the company increased its stake in German pay-TV company Sky Deutschland AG, "giving it majority control and putting it a step closer to creating a pan-European broadcaster" (BLOOMBERG, 2/26).