Global media giant News Corporation who already owns 100% of LNT, announced Friday May 30 that it has acquired the remaining part of TV Riga (TV5) and now this channel is also under full ownership of the conglomerate.

Latvia’s most popular channel LNT was acquired in May last year, together with 70% of TV5. As Dienas Bizness has reported, the experts say the deal was worth 18.5 million lats. And this week News Corp. has completed the TV5 acquisition process, resulting in buying out the remaining 30%.

Until then, the 30% of TV5 was owned by “Belokon News” Ltd. , whose shareholders are Latvian banker and Blackpool FC president Valery Belokon (90%) and Chairman of the Board at TV5, Mihaels Seitelmans (10%).

News Corporation besides various worldwide known media, also owns a social networking service MySpace.