Kirsch, Berlusconi agree to form television alliance
Article Abstract:
Leo Kirch, the German media magnate, and Silvio Berlusconi, the former prime minister of Italy, have reached an agreement to form a television alliance. The alliance will value KirchMedia KGaA at 5.6 billion euros ($6.14 billion). It would also establish a joint television holding firm. Under the terms of the deal, Fininvest SpA, which is owned by Mr. Berlusconi, and Saudi investor Prince al-Waleed bin Talal will acquire 3.2% shares in KirchMedia for 192 million euros each by way of a capital increase.
Comment:
KirchMedia and Fininvest to form television alliance
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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ProSieben to start news channel in 2000
Article Abstract:
ProSieben Media AG announced that it will launch a 24-hour news channel in Germany in 2000. The move signal ProSieben's entry into the saturated German all news-television market. The new channel will compete with N-TV, a market leader. The new channel will be called N24 Gesellschaft fuer Nachrichten und Zeitgeschehen mbH. The channel will focus on the expanding market for business information.
Comment:
Announces that it will launch a 24-hour news channel in Germany in 2000
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Bellens wants RTL to get to the peak
Article Abstract:
The article discusses Chief Executive Didier Bellens' plans for broadcast group, RTL Group PLC. Bellens needs to demonstrate to investors that the merger is effective by cost-cutting and giving the company more clout in working with advertisers and in licensing content.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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