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The deal included cable channels bTV Comedy and Btv Cinema and News Corporation’s 74{fc8108a382304f6a291fe24b31bc6ca6be48a5ab84ea5bf1d21df06439cd3358} stake in Radio Company CJ which included five radio stations. In 1999, News Corporation significantly expanded its music holdings in Australia by buying the controlling share in a number one Australian-based label, Michael Gudinski’s Mushroom Records, merging it with already held Festival Records to create Festival Mushroom Records . Both Festival and FMR have been managed by Rupert Murdoch’s son James Murdoch for several years.
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