The World: Moscow - News Corp to borrow $100m to fund Russian growth

News Corp, Rupert Murdoch's media group, is looking to borrow $100 million from the European Bank for Reconstruction and Development to fund a set of acquisitions in Russia.

News Outdoor Russia, a subsidiary of News Corp, is looking to buy numerous outdoor advertising companies across several former Soviet republics to cement its place as the largest outdoor advertising company in the country.

News Corp is hoping to challenge Clear Channel, JCDecaux and Viacom in Western Europe by building a leading position in Eastern Europe.

News Outdoor Russia has more than 25,000 billboards in 90 Russian cities.