Rupert Murdoch's NewsCorp brings in the funds that Subhash Chandra needs to fuel his expansion plans with. Subhash Chandra, on his part, will use his considerable lobbying skills to get Murdoch's stalled Direct to Home projectoff the ground. A joint venture with Zee Telefilms helps Murdoch stay under the 20-odd per cent foreign equity cap when the Broadcast Bill is passed. Murdoch's proposal is a moral victory for Chandra: an admission that he can't survive in India without his help.
