MELBOURNE, Oct 31 (Reuters) - Rupert Murdoch's News Corp
boosted its share of Australia's pay-TV market after
shareholders in Consolidated Media Holdings Ltd voted
in favour of a A$2 billion ($2.1 billion) takeover offer from
News.
The deal will double the stake of News Corp's Australian arm
in dominant pay-TV operator Foxtel to 50 percent and give it 100
percent of content provider Fox Sports, increasing its pay-TV
exposure at the same time as it cuts costs at its print
operations.
