Media company News Corporation today said it would restructure its Asian broadcast businesses into three units — STAR India, STAR Greater China and Fox International Channels (FIC).  

The changes are designed to support continued growth of each unit and result in a reduction in the size of its regional operations in Hong Kong, a press release issued here said.     

Click here for Cloud Computing

Also Read   Related Stories News Now - Taking the plunge - News Corp plans shakeup of Star Asian TV: report - Sun TV appoints Ajay Vidyasagar as CEO - Dubbed English films set the box office ringing - Trai says broadcasters can't control distribution

Also Read   Related Stories News Now - Wall Street up on Greece, but gains seen limited - FII-TO-FII: Pantaloon traded at 7% premium - Civic polls: Saffron alliance retains Mumbai, Thane - MCX awaits trading rules in commodity options, indices - Govt to provide incentives for electronic chip manufacturing More

"We are now re-shaping a big, regional organisation into three highly-focused business units, each of which will be intensely competitive in its target marketplace," News Corporation's Chairman and Chief Executive (Europe and Asia) James Murdoch said. 

"While it was once a natural to have a larger, regional headquarters, the company has now reached a scale in its key local markets where we are  ready to empower the teams on the ground and move a number of functions to be closer to viewers," Murdoch added. 

News Corporation has also announced establishing an office in Hong Kong.

The new office, comprising a small group of executives from the current STAR team, will be responsible for supporting News Corporation's interests in the region and managing joint ventures including ESPN STAR Sports.

It will carry out business development, legal, Government affairs and corporate communications functions, with each function reporting directly to the corresponding functional heads in London, the release said.     

As a part of the restructure, Paul Aiello, CEO of STAR, will leave the company end-December.     

STAR India will manage sales and distribution of News Corporation channels in India, a total of 19 channels in eight languages.     

STAR India's CEO, Uday Shankar, will now report directly to Murdoch. In addition, he will oversee STAR's sales and distribution offices in the Middle-East, the UK and the US, the release said.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Wall Street up on Greece, but gains seen limited - FII-TO-FII: Pantaloon traded at 7% premium - Civic polls: Saffron alliance retains Mumbai, Thane - MCX awaits trading rules in commodity options, indices - Govt to provide incentives for electronic chip manufacturing

Tags : news corporation | star india | star greater china | fox international channels   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Medium-sized businesses are the engines of a smarter planet. -  Save over Rs.3000 with IndianOil Citibank Card -  India's No. 1 Property Site. Click here to know more.. -  Get 5% cashback on telephone bills with Citi -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more