News Corporation Completes Acquisition of ESPN STAR Sports

  News Corporation Completes Acquisition of ESPN STAR Sports

Business Wire

HONG KONG & NEW YORK -- November 08, 2012

News Corporation and ESPN today announced that News Corporation, through a
wholly-owned subsidiary, completed its acquisition of ESPN's partnership
interest in ESPN STAR Sports (ESS) pursuant to their agreement announced on
June 6, 2012.

Upon the closing of the acquisition, ESS became a wholly-owned subsidiary of
News Corporation.

About News Corporation

News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of
September 30, 2012 of approximately US$60 billion and total annual revenues of
approximately US$34 billion. News Corporation is a diversified global media
company with operations in six industry segments: cable network programming;
filmed entertainment; television; direct broadcast satellite television;
publishing; and other. The activities of News Corporation are conducted
principally in the United States, Continental Europe, the United Kingdom,
Australia, Asia and Latin America.

About ESPN Inc

ESPN, Inc., is the world’s leading multinational, multimedia sports
entertainment company featuring a portfolio of more than 50 multimedia sports
assets. The company is comprised of eight 24-hour domestic television networks
(ESPN, ESPN2, ESPNEWS, ESPNU, ESPN Classic,ESPN Deportes,ESPN 3Dand the
regionally focusedLonghorn Network) and five HD simulcast services (ESPN,
ESPN2, ESPNU, ESPNEWS and ESPN Deportes). Other businesses includeESPN
Regional Television,ESPN International(35 networks, syndication, radio,
websites, mobile, apps),ESPN Audio(broadcast, satellite, online and apps, a
growing category led by ScoreCenter),ESPN.com(plus a variety of sport-,
college-, and market-specific sites),ESPN The Magazine, ESPN
Enterprises,ESPNHSandespnW. Multi-screen offerings
includeWatchESPN(access to several ESPN networks online and via an app)
andESPN3(live multi-screen network available online, on the go and via Xbox
LIVE). Based in Bristol, Conn., ESPN is 80 percent owned by ABC, Inc., which
is an indirect subsidiary of The Walt Disney Company. The Hearst Corporation
holds a 20 percent interest in ESPN.

Contact:

News Corporation
Jannie Poon, +852-2621-8619
jpoon@newscorp.com
or
Dan Berger, +1-310-369-1274
dberger@newscorp.com
or
ESPN
Katina Arnold, +1-860-839-1764
Katina.arnold@espn.com
or
Chris LaPlaca, +1-860-766-2239
Chris.laplaca@espn.com
 
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