Leo Kirch takes control of ProSieben Network
Article Abstract:
Thomas Kirch will trade his 58.4 percent in ProSieben Media AG, the only German television network to list its shares on the stock exchange, for up to 8 percent of Kirch Media, part of the Kirch Group. By taking control of ProSieben, Kirch increases his share of the total German television market - excluding pay-per-view - to roughly 26%. That is still below the critical threshold of 30% market share that regulators say constitutes a dominant market position.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Cash woes cloud Kirch's empire
Article Abstract:
The article discusses how financial troubles could hurt Leo Kirch's media empire. Kirch, patron of Kirch Group, needs to accumulate $460 million to make a payment connected to a total debt load estimated at roughly Euro4 billion.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Comment about this article or add new information about this topic:
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