FT: : Dick Parsons, Time Warner CEO, speaking in Hong Kong, said India was a better market for foreign media groups than China because of its more stable rule of law and lower levels of censorship.
He said Time Warner expected to see more growth from India than China in the short-term because of the different political and regulatory conditions in the two countries…he said India had a stronger rule of law and was working hard to build the infrastructure needed to distribute media content.
The comments echo recent remarks by Rupert Murdoch and highlight growing dissatisfaction among overseas media groups at the slow pace at which China’s domestic markets are opening.
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