Boy, didn't SHE luck out!
She lucked out? I think Murdock made another strategic merger.
"Wendy Deng has managed to get Rupert Murdoch mixed up in the same kind of scandal that his tabloids are infamous for exploiting. His affair with the statuesque Yale MBA precipitated a messy 1999 divorce with Anna, his wife of 31 years. He and Deng married in 1999 and recently announced that she is pregnant, further complicating the issue of who will succeed him at the helm of News Corp. Murdoch has groomed a succession of his children--Elisabeth, Lachlan and James--to fill the top spot once he has shuffled off this mortal coil. But now Deng herself seems firmly in the running. She was working in Hong Kong for Murdoch's Star TV satellite outfit when she caught the magnate's eye; Murdoch was reportedly quite taken with her understanding of the Chinese media industry. "
She also has an MBA from Yale. She seems to be lot smarter than your average swingin, dick and the Deng family name tells me she is well connected.
Star TV, his pan-Asian company, has proved a better source of love than of money. He found his 32-year-old bride, Wendy Deng, there, but he has not made a bean out of the company since he bought it from Richard Li, son of a rich Hong Kong businessman, Li Ka-shing, in 1993. In India, the competition is strong. In China he cannot collect subscriptions because it is illegal to watch his channels—though Zhu Rongji, China’s prime minister, has admitted that his favourite television presenter appears on one of them.
Analysts reckon that Star is losing $50 million a year. And, to add insult to financial injury, a warrant was issued in India last year for Mr Murdoch’s arrest after he was summoned to appear in court, accused of screening vulgar and obscene films.