First the facts. The $389-million Star India is a subsidiary of Hong Kong-based Star Group, which in turn is owned by the $32-billion, New York-based News Corporation, noted more for its charismatic chairman, Rupert Murdoch (James' father). About six months back, News Corp anointed James as the head of Europe and Asia. That effectively puts India, by far News Corp's largest business in Asia, under Murdoch junior.
Why does he matter? The first time he took charge of Star in 2000, James put India on the global media map. What he does to get Star out of its rut interests me and I am sure many others in the industry.
In the 1990s, Murdoch senior had spent $825 million to buy the only company broadcasting into China and India