The deal between Li Ka - shing and Murdoch was largely motivated by the pressure on his
network caused by the announcement of Turner (CNN which spends some US$ 15 million to develop production capacity in Asia), Time - Warner's Home Box Office (on
cable in some eight Asian countries), Capital Cities / ABC ESPN (the sports
network), the Discovery Channel, and Hong Kong - based
Television Broadcasting Inc. to compete with Star TV in 1994 after the
launch of a Chinese communications satellite.
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