Kirch, Mediaset and News Corp. discuss alliance

Article Abstract:

News Corp., owned by Rupert Murdoch, is discussing the creation of a European media consortium that could include Mediaset SpA of Italy, Kirch Group of Germany and Prince Al Waleed Bin Talal of Saudi Arabia. The talks, which are not expected to produce anything concrete prior to September 1998, call for News Corp., Mediaset and Prince Al Waleed to invest a total of $1.5 billion to buy a 20%-stake in Kirch. The purchase of a minority shareholding in the German company, which will form the core of the consortium, will give Murdoch his initial entry into Europe after several failed attempts.

Comment:

Is discussing the creation of a European media consortium with News Corp, Mediaset SpA and Prince Al Waleed Bin Talal

Europe, Newspapers, Newspaper Publishers, Radio & TV Broadcasting, Radio and Television Broadcasting, Alliances, partnerships, Newspaper publishing, Broadcasting industry, Broadcasting, The News Corporation Ltd., Kirch Group

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Murdoch, Mediaset explore venture

Article Abstract:

Mediaset SpA of Italy is exploring a venture with Rupert Murdoch concerning plans to set up a major media group in Europe that is focused on Kirch Group of Germany. Murdoch met with officials of Mediaset, along with Saudi Prince Al Waleed Bin Talal Abdul Aziz and Kirch Group. The meeting revives negotiations concerning an objective of forming a media consortium to rival major media companies in the US. A source said that a memorandum of agreement could be completed within several weeks, but months may pass before final agreements are reached.

Comment:

Is exploring a venture with Rupert Murdoch over plans to set up major media group in Europe focused on Kirch Group of Germany

Italy, Strategy & planning, Mediaset SpA

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Mediaset needs a new script, analysts say

Article Abstract:

Mediaset of Italy has failed in a merger bid for ProSiebenSat.1 Media AG of Germany. Analysts say the television broadcasting giant should look to small and medium broadcasters for acquisitions as the market is mature and very competitive in Italy. Mediaset is owned and operated by former Italian Prime Minister Silvio Berlusconi.

Television broadcasting stations, Management dynamics, Management, Company business management, Company overview, Financial report

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