Rupert Murdoch gives up on China with Fox’s sale of TV stake

Rupert Murdoch’s 21st Century Fox has sold its minority stake in the broadcaster Star China TV to private equity after finally giving up on the emerging Chinese television market.
Having recently divorced his third wife Wendi Deng, for Mr Murdoch the disposal of Star China also marks a break-up with her country of birth.
His ambitions to expand his media empire there have been frustrated for two decades by restrictions on foreign investment and censorship.