MEDIA & ENTERTAINMENT

Murdoch to Sell Hong Kong Newspaper: International media tycoon Rupert Murdoch is negotiating to sell the profitable South China Morning Post, a Post statement said. The move to cut his print media ties in the British colony came just a month after he bought Hong Kong-based satellite broadcaster STAR TV. The statement said Murdoch’s News Corp. Ltd. is involved in talks with a third party concerning the sale of South China Morning Post (Holdings) Ltd., publisher of the English-language Morning Post and the Chinese-language Wah Kiu Yat Po. Murdoch’s 51% stake in the Post is worth about $500 million.