China New Media Fund

IDG, Hearst, News Corp. Invest $50 Million in Chinese Media Venture

Authored by Mark Hefflinger on March 21, 2007 - 3:40pm.

New York - IDG chairman Patrick McGovern has partnered with fellow media firms Hearst and News Corp. on a new venture that will distribute movies, DVDs and video games in China, the New York Post reported on Wednesday.