Complex sentence: Box Television (formerly Video Jukebox Network International Limited) is a British television company which is owned by Bauer Group (50%) and Channel Four Television Corporation (50%) and acts as its music television programme production arm.
Split into simpler sentences: Box Television (formerly Video Jukebox Network International Limited) is the content subsidiary of Channel Four Television Corporation and Bauer. It is a British television company which is owned by Bauer Group (50%) and Channel Four Television Corporation (50%) and acts as its music television programme production arm.