Bertelsmann Targets Breaking Impasse Over Pay-TV Venture

Article Abstract:

Bertelsmann AG and Kirch Group's current efforts in their joint venture pay-TV station Premiere is uncertain. Germany antitrust authorities have opposed efforts by the two German media companies from increasing their stakes in the Premiere station to 50 percent. Concerns are for dominance of both free and pay TV programing. Lobbying to change governing bodies' attitudes have not shown successful results. Similar rulings are expected from other governing agencies. Bertelsmann is Europe's largest media company, and Kirch has a large film library. Bertelsmann is also expanding into the internet.

Comment:

Bertelsmann and Kirch Group's efforts to increase stakes in pay tv station blocked by anti-trust regulators

Radio & TV Broadcasting, Radio and Television Broadcasting, Alliances, partnerships, Broadcasting industry, Broadcasting, Kirch Group

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Bertelsmann's sales expected to stay steady, according to magazine report

Article Abstract:

Bertelsmann AG of Germany posted just $22.4 billion marks or $12.49 billion in sales for the year ending June 30, 1998 which is satisfactory, noted the media group's chairman Mark Woessner. However, the company reaped a high of 1.73 billion marks in operating profits after portfolio amendments which is not good, stated Woessner. Both statements are based on an interview of Woessner in the German Manager Magazine periodical. Bertelsmann is also reportedly planning to acquire a US television channel, indicated the magazine.

Comment:

Reaps high of 1.73 billion marks in operating profits after portfolio amendments for year ending June 30, 1998 which is not good

Sales, profits & dividends

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Bertelsmann makes move in Taiwan

Article Abstract:

Bertelsmann AG's decision to plunge into the Chinese-language Internet market is the media giant's first move on the road to making itself prominent in the developing Asian online services. Bertelsmann made an investment in the Taiwanese portal operator Yam Digital Technology Co.

Taiwan, On-Line Information Services, Videotex & Teletext, Use of Funds, Statistical Data Included, Finance, Online services, Internet services, Brief Article, Yam Digital Technology

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