News Corp does not see Indian internet space attractive as of now. Michelle Guthrie, CEO of Star (a 100 per cent subsidiary of News Corp) said that the Group is not looking at immediate investments in Internet properties in India.
“India is at a different stage of development. The level of PC penetration is quite low in the country,” Guthrie said, on the sidelines of the India Economic Summit. “It is a matter of time,” she said. Guthrie was responding to a query on whether Star would make Internet investments in India, in line with Murdoch’s strategy.
Talk about myopia…
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