New York - Media conglomerate News Corp. (NYSE: NWS) announced on Friday that it has completed the acquisition of a 30% stake in TV Riga, a Latvian Russian-language broadcaster, increasing its ownership to 100%.

"The transaction represents a consolidation of News Corporation European Television's assets in Latvia, which now include 100% ownership of LNT, the leading Latvian entertainment channel, and TV Riga," according to the announcement.

NCE TV includes SKY Italia, a minority investment in German pay-TV operator Premiere and a range of holdings in broadcasters in Bulgaria, Latvia, Poland, Serbia and Turkey.

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