Murdoch makes another move in Japan. (Rupert Murdoch's News Corporation Ltd., together with Softbank Corp., is seeking stake in Asahi National Broadcasting Corp.)(Brief Article)

Broadcasting & Cable, June, 1996 by Johnson, Debra

Rupert Murdoch is firmly focusing his investments on Japan. Hot on the heels of News Corp.'s planned investment in JSkyB, a digital, multichannel DBS platform for Japan, Murdoch is joining forces with Softbank Corp., the country's largest PC software distributor, to purchase a stake in major Japanese broadcaster TV Asahi. News Corp. said last week that it is looking to create partnerships with local Japanese program providers to supply domestic fare for its planned 100-channel DTH package there.

Softbank and News Corp. are forming a 50-50 joint venture to acquire Obunsha Media's 21.4 percent stake in Asahi National Broadcasting Corp. (TV Asahi), for roughly Y41.75 billion ($386.6 million). Obunsha Media is a unit of Japanese publisher Obunsha Co. Ownership laws...

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