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Mexico`s Carlos Slim to back internet TV network

The network, which will be called Ora.tv, will feature on-demand content.



Mexico City: Mexican billionaire Carlos Slim is financing an internet TV network that will include an interview show with former television host Larry King, according to network`s website.

The network, which will be called Ora.tv, will feature on-demand content and will produce "a wide range of programs that transcend traditional formats," the website said.

Slim`s America Movil, one of the world`s biggest telecommunications firms, will fund the station that will be led by Jon Housman, who was formerly the president of digital journalism at Rupert Murdoch`s News Corporation, Ora.tv`s website said.

A news agency reported in January that Slim, whom Forbes says is the world`s richest man, and King were in talks to start a media venture.

Slim is the main provider of pay-television in Latin America, where he offers cable and satellite services to around 13 million customers, and he also owns a stake in the New York Times Co.

Ora.tv will be launched this year but it does not have a start date yet.

Bureau Report

From Zee News

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