First DirecTV pulls out and now Rupert Murdoch quits Japan.
News Corp. to Sell Its Stake in Sky Perfect, Nihon Keizai Says
Aug. 26 (Bloomberg)-- News Corp. will sell its entire 8.1 percent stake in Sky Perfect Communications Inc. to Sony Corp., Fuji Television Network Inc. and Itochu Corp.
...[they] ...didn't explain why News Corp., which is controlled by Rupert Murdoch, is seeking to sell the shares, except to say that there are legal restrictions on foreign media ownership in Japan.