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MUMBAI:
James Murdoch has reiterated the importance of India as a
market for News Corp.
Murdoch
believes pay TV operators in the country will consolidate
over time due to regulatory changes.
“India
is a very important market for us, it’s one of our largest
international markets," Murdoch, the Deputy COO of News
Corp said at an investment conference in San Francisco.
He
is also satisfied with the progress being made in South America.
"We’ve also made great strides in South America
over the last few years, particularly the launch of our sports
business there," he added.
Murdoch
also stated that the investment in UK pay TV service provider
BSkyB, which News Corp un-successfully tried to buy out, is
an unfinished business.
News
Corp in the recent years has been trying to streamline its
overseas businesses that aren't consolidated.
Last
month, the company increased its stake in German pay-TV company
Sky Deutschland (SKYD), giving it majority control and putting
it a step closer to creating a pan-European broadcaster.
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