"News Corp" sold 49% of TV Fox to Greek "Antenna Group"

Company "News Corporation" announced yesterday (December 28, 2009) that it had reached the agreement with company "Antenna Group" on transfer of 49% of ownership rights in Fox Television.

Fox Television started broadcasting in April 2007 and developed into the third largest TV station (with national frequency) in exceptionally competitive market of commercial TV stations in Serbia.

"Antenna Group" is the leading media group with the headquarters in Athens. It is one of the leading TV networks and production companies in Greece, and it also has businesses in North America, Europe and Australia.

The change in founding rights, for which the procedure for issuing the license by the regulatory bodies is underway, is a part of the business strategy of company "News Corporation" to focus on development of primary business and operations in high-priority markets. The terms of the transfer have not been revealed.

- We would like to thank Mr. Dan Bates, the Director General of FOX Television, and the excellent team of young professionals in Serbia for helping this station develop. They did a great job in positioning FOX Television and I am sure that this TV station will resume its development under the leadership of "Antenna Group" - Gary Davey, the Director General of "News Corp Stations Europe", said on the occasion of the transfer of founding rights in FOX Television.

PRVA Srpska Televizija Beograd

News Corporation

Antenna Group

FOX Television

Dan Bates

Gary Davey

News Corp Stations Europe