Malaysian TV3 to sell Ghana operations

Privately-owned Sistem Televisyen Malaysia (TV3) is in talks with Rupert Murdoch's News Corp and another firm to dispose of operations in Ghana, a report said today.

Weekly newspaper The Edge, quoting unnamed sources, said the other party was from Ghana but gave no details.

The sale was part of TV3's plan to axe all non-profitable businesses under a restructuring exercise to cut its RM600 million (US$158 million) debt, it said.

Company officials were not immediately available for comment.