Murdoch invests in the Baltics

Rupert Murdoch’s News Corp has bought two Latvian TV channels to extend its footprint into the Baltic region.

The company’s subsidiary News Corp Europe has acquired Latvian Independent Television (LNT) and a 70% stake in TV5.

Chairman of LNT Andris Ekis said: “LNT and TV5 are the beginning of the development of News Corporation's network in our region.” He added that the media giant was interested in developing a presence in Estonia, Lithuania and Belarus.