News Corporation (NASDAQ: NWSA) gets rid of the Chinese ballast and starts to climb
Monday, August 9th, 2010News Corporation (NASDAQ: NWSA) shares fell to 14.10 points, losing -0.25 (-1.74%) on Friday. News Corporation American media tycoon Rupert Murdoch on Monday announced the upcoming sale of controlling stakes in three Chinese TV channels, a private investment company, which stands for Shanghai Media Group (SMG), the second largest media corporations in China.