News Corporation Sells Stake in Phoenix Satellite Television Holdings Limited

  News Corporation Sells Stake in Phoenix Satellite Television Holdings

Business Wire

HONG KONG -- March 22, 2013

News Corporation today announced its wholly-owned subsidiary Star
Entertainment Holdings Limited has agreed to sell an approximately 5.28
percent stake in Phoenix Satellite Television Holdings Limited (Phoenix) for
approximately USD92 million. Following the sale, Star Entertainment Holdings
Limited’s total ownership stake in Phoenix will be reduced to approximately
12.16 percent.

James Murdoch, Deputy Chief Operating Officer and Chairman and CEO,
International, News Corporation, said, "Mr Liu Changle and Phoenix’s
accomplishments in the media industry in China are remarkable. We believe the
company’s strong position in all of the segments in which it operates,
combined with the country’s robust consumer market, will continue to drive
growth. Today’s sale is simply a part of our broader global agenda of
simplifying our affiliate ownership structures.”

About News Corporation

News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of
December 31, 2012 of approximately US$63 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.


News Corporation
Jannie Poon
+852 2621 8619
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