News Corp. Buys 5% Interest in Roo Group

News Corp. has purchased a 5% interest in The Roo Group and has an option to up that stake to 10%.

Roo Media Corp. provides online content distrubution services to Fox News Channel and News Corp.'s Sky News as well as some of the company's print operations.

“News Corp. looks forward to building on its successful relationship with ROO to continue the growth of News Corp’s video assets in the digital marketplace,” said Jeremy Philips, Executive VP, Office of the Chairman, News Corporation, in announcing the investment.

John Eggerton

Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.