CA Media eyes China, India, and Indonesia markets

In November 2010, The Chernin Group announced the formation and launch of CA Media, a company that will strategically build, manage, and operate media, entertainment, and technology businesses throughout Asia.

The Chernin Group also announced that Peter Chernin will be Chairman of CA Media and Paul Aiello, who along with Chernin is a founding shareholder of the company, will be the CEO. Aiello previously served as the CEO of STAR Group Ltd., the region's leading pay television broadcaster.

Focused initially on China, India, and Indonesia, CA Media aims to capitalise on the compelling growth characteristics of these markets. It will bring to bear the global management, strategy, and business-building experience of Chernin and the Asia Pacific operational and transactional experience of Aiello.

CA Media intends to focus on a broad range of opportunities in content creation. In addition to its principals' track records leading successful global media enterprises, CA Media will have the benefit of unique structural and operational independence.

The company plans to team with local entrepreneurs, strategic partners, and financing sources to launch new enterprises, enhance the growth of businesses in their formative stages and selectively pursue later-stage transactions.

In addition to The Chernin Group and Aiello, the initial investors in CA Media include Allen & Company LLC, Brookside Capital (an affiliate of Bain Capital), Gordon Crawford and Kimberly Querrey, among others.

Peter Chernin is the founder of The Chernin Group and Chernin Entertainment. The Chernin Group manages, operates and invests in businesses in the media, entertainment and technology sectors. Chernin Entertainment produces feature films and television programs.

Chernin previously served as President and Chief Operating Officer of News Corporation and Chairman and Chief Executive Officer of the Fox Group. CA Media will be headquartered in Hong Kong and initially intends to build a local presence in India, China, and Indonesia.