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Web Media Wire Daily
Untitled Document

News Corp's shady stake

Published: Wednesday, November 28, 2007

-YOSH

Rupert Murdoch is no doubt slowly taking control of our everyday sources of news, information and entertainment, but not all of them are transparent. Georgia's prime minister said on Wednesday he wanted Rupert Murdoch's News Corp. to buy the banned independent television station Imedi outright. Rupe already owns a chunk of the channel with Georgian multimillionaire Badri Patarkatsishvili, but it looks like Georgia's Prime Minster is hoping a full takeover by News Corp will quiet his non supporters. The thing is, no one knows how deep News Corp's stake is in the network and they (News Corp) aren't saying, at least not right now.
"We have stated our desire to not to see News Corp. in an unclear role in Imedi," he (the prime minster) said. "On the contrary, we want News Corp. to own a 100-percent share or a controlling stake."

News Corp. has declined to disclose its holding in Imedi. Patarkatsishvili has said he sold his 49-percent stake to News Corp. in 2006.

So does News Corp own all of Imedi? Why are they staying mum on this property?

Georgia PM has offered Imedi TV to News Corp. [Reuters]

Labels: Media_and_Politics, NETWORKS, Newscorp, RupertMurdoch

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