CLT pursues half ownership of pay channel

Article Abstract:

CLT-UFA a Luxembourg-based broadcasting company, intends to increase its stake in Premiere, a German pay-TV channel, through an acquisition of a 12.5-percent stake held by Canal Plus SA of France. The company, which is jointly-owned by Bertelsmann AG and Audiofina SA, intends to increase its ownership of the channel from 37.5% to 50%, despite the European Commission's deterrence of a digital alliance with Kirch Group. CLT-UFA, along with Kirch, originally planned to make Premiere a digital pay-TV operation, but the commission said that the act would hamper competition.

Comment:

Intends to increase stake in Premiere, a German pay-TV channel, through an acquisition of 12.5-percent stake held by Canal Plus

Acquisitions & mergers, Television Broadcasting, Television broadcasting industry, Canal Plus S.A., CLT-UFA

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Canal Plus would sell Vox stake

Article Abstract:

Canal Plus SA, a pay-TV operator in France, is willing to sell its 24.9% interest in German television channel Vox to media businessman Rupert Murdoch, but it indicated that co-shareholder Bertelsmann AG will make the final decision in the matter. According to a Canal Plus spokeswoman, Canal Plus is ready to sell its interest to Murdoch, but a shareholder agreement in Vox requires that any sale be approved by all shareholders, and Bertelsmann may not agree with the sale. Bertelsmann holds 50% of CLT-UFA, its radio and TV division which owns a 24.9% interest in Vox.

Comment:

Is willing to sell 24.9% stake in German television channel Vox, but indicated co-shareholder Bertelsmann AG will have final say

France, Canal Plus SA

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Deutsche Telekom spinoff prohibits majority partner

Article Abstract:

Deutsche Telekom AG's proposal to spin off its cable business will not allow one investor to own a majority interest in all resulting regional units. According to Telekom managing-board member Gerd Tenzer, although one can possibly invest in all of the regional companies to be created, majority ownership in all of them will not be allowed. Tenzer's announcement comes following the recent approval of Telekom's May 1998 decision to spin off its cable-television network, scattered all over Germany, on Jan. 1, 1999.

Comment:

Proposal to spin off its cable business will not allow one investor to own a majority interest in all resulting regional units

Cable Television Systems, Stockholder data, Cable television broadcasting industry, Cable television, Deutsche Telekom AG

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