Kirch, Bertelsmann intensify talks on Pay-TV deal

Article Abstract:

Bertelsmann AG is in advanced negotiations to sell 45% of the Premiere pay-TV channel to Kirch Group for close to $1 billion. Kirch would acquire the stake in Premiere from CLT-Ufa, which is largely owned by Bertelsmann, for a price amounting to about $1250 per Premiere subscriber. Kirch would then be free to merge Premiere with its DF1 digital pay-TV company. Germany's Federal Cartel Office now seems receptive to such a merger, since it would separate Kirch from Bertelsmann and perhaps encourage others to develop a competing pay-TV platform.

Cable Television Systems, Cable Networks, Cable and other pay TV services, Cable television broadcasting industry, Cable television, Abstract, Bertelsmann AG, CLT-UFA

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Kirch withdraws bid to acquire 25.1% of EM.TV

Article Abstract:

Kirch Group has terminated its offer to acquire a minority share in EM.TV and Merchandising AG. Kirch, which was blocked by the German cartel office, had offered to acquire 25.1% in EM.TV.

Television Broadcasting, Television broadcasting stations, Television broadcasting industry, EM.TV and Merchandising AG

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UPC will acquire SBS Broadcasting

Article Abstract:

United Pan-Europe Communications NV has reached a deal to acquire SBS Broadcasting in a deal worth $2.8 billion (2.92 billion euros). The deal will be in stock and cash form.

Netherlands, Luxembourg, United Pan-Europe Communications N.V., UPCO Y, SBS Broadcasting S.A., SBTV

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