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The Chernin Group launches new content and media company in Asia

ASIA-PACIFIC –  HONG KONG – NOVEMBER 8, 2010 – The Chernin Group, which manages, operates and invests in businesses in the media, entertainment, and technology sectors, announced today the formation and launch of CA Media in Asian markets. 
 
Focused initially on China, India, and Indonesia, CA Media aims to capitalize on the compelling growth characteristics of these markets and focus on content creation for film and TV production, television networks, sports, education, advertising, and digital media. It will be headquartered in Hong Kong.
 
Peter Chernin (pictured), former president and chief operating officer of News Corporation, and chairman and chief executive officer of the Fox Group, will be Chairman of CA Media. Media executive and investment banker Paul Aiello, who along with Chernin is a founding shareholder of the company, will be CEO. Aiello was formerly CEO of STAR Group of pay TV channels.
 
 “We see tremendous opportunity across Asia, but particularly in India, China, and Indonesia,” said Chernin. “These markets provide the ideal blend of economic, demographic, and industrial dynamism required to build a pan-Asian media organization of significant scale. In Asia, there is less distinction between ‘traditional media’ and ‘new media.’ Nearly everything is growing, which allows for more robust prospects across the industry—prospects that we find enormously exciting.”
 
The company plans to team with local entrepreneurs, strategic partners, and financing sources to launch new enterprises, enhance the growth of businesses in their formative stages, and selectively pursue later-stage transactions.
 
 “We are uniquely familiar with the development of the global media industry and we have distinctive insight into how it is likely to evolve in Asia,” said Aiello. “We intend to make a meaningful contribution to this great story.”
 
In addition to The Chernin Group and Aiello, the initial investors in CA Media include Allen & Company LLC, Brookside Capital, Gordon Crawford, and Kimberly Querrey, among others.

 

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