Hong Kong -- Some 30% of staff in Hong Kong will leave Star TV as a result of News Corp.'s reshuffling of its broadcast businesses in Asia.
The announcement made Tuesday by James Murdoch, News Corp.'s chairman and CEO in Europe and Asia, confirmed previous reports that the conglomerate will dismantle Star's Asian regional business that has been based in Hong Kong since 1991.
Star's CEO Paul Aiello is exiting as part of the breakup and will quit the company in December after a hand over period. COO Laureen Ong's departure this month was announced in July.
The group will be replaced by two local clusters -- Star India and Star Greater China -- and a channel management business that is merged into the existing Fox International Channels business in Asia.
"The changes will take place over the next year, with much being accomplished by the end of this fiscal year,...
The announcement made Tuesday by James Murdoch, News Corp.'s chairman and CEO in Europe and Asia, confirmed previous reports that the conglomerate will dismantle Star's Asian regional business that has been based in Hong Kong since 1991.
Star's CEO Paul Aiello is exiting as part of the breakup and will quit the company in December after a hand over period. COO Laureen Ong's departure this month was announced in July.
The group will be replaced by two local clusters -- Star India and Star Greater China -- and a channel management business that is merged into the existing Fox International Channels business in Asia.
"The changes will take place over the next year, with much being accomplished by the end of this fiscal year,...
- 8/18/2009
- by By Patrick Frater and Karen Chu
- The Hollywood Reporter - Movie News
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.