21st Century Fox Sells Stake in Chinese TV Company The television, cable and movie conglomerate owned by Rupert Murdoch, 21st Century Fox, said on Thursday that it would sell its 47 percent stake in Star China TV. The move was the latest step the company has taken to reduce its position in China. Mr. Murdoch had once held out hopes that China would be a vast new and lucrative market, but he and other American media companies have been frustrated by tight regulations imposed by the Chinese government, which have prevented them from building mass audiences in many parts of the country. The 47 percent stake will be bought by Star China TV's majority shareholder, China Media Capital, a Chinese media company. Formed in 2010, Star China had been a joint venture with News Corporation that operates three 24-hour Mandarin channels. Last summer, 21st Century Fox was separated from News Corporation, which retained the company's publishing assets. Mr. Murdoch recently divorced his wife, Wendi Deng, who was born in China and worked at Star China TV. While 21st Century's Asian operations are run by Mr. Murdoch's son James, Ms. Deng had played a role in seeking media opportunities there for her husband.