Media Moghul Rupert Murdoch's company has withdrawn its stake from TV news business in India. It has sold all its stakes in three news channels: Star News (Hindi), Star Ananda (Bengali) and Star Majha (Marathi) to Ananda Bazaar Patrika Group, the other owners of the joint venture.
After Murdoch's Star India's sale of stakes, Star News is coming up as ABP News from June 1, 2012; ABP for Ananda Bazaar Patrika. Similarly, Bengali news channel Star Ananda would be ABP Ananda and Marathi news channel Star Majha would be ABP Majha.
