News Corporation Increases Stake in German Pay-TV Operator, Premiere AG

NEW YORK, NY, February 21, 2008 – News Corporation today announced it has secured additional shares in leading German pay-TV operator, Premiere AG, increasing its total stake to 19.9 percent. In January, the Company initially acquired a 14.58 percent interest in Premiere from Unity Media.

“We’re looking forward to working constructively with Premiere’s management on the growth and future direction of the business,” said James Murdoch, News Corporation’s Chairman and Chief Executive for Europe and Asia.

News Corporation’s European pay-TV holdings include a 39 percent stake in BSkyB, the number one pay-television group in the U.K. with more than 8.8 million subscribers, and its wholly-owned Sky Italia, Italy’s leading pay-television provider with over four million subscribers.

News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV) had total assets as of December 31, 2007 of approximately US$69 billion and total annual revenues of approximately US$31 billion. News Corporation is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin.

Source: News Corporation

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