News Corp., Telecom Italia end talks

Article Abstract:

News Corp., headed by Rupert Murdoch, and Telecom Italia SpA have terminated negotiations over the creation of a digital-television alliance in Italy. Both sides failed to follow through on a preliminary agreement that involved News Corp. buying an 80% share in Stream SpA, the pay-television unit of Telecom Italia. The issue of lucrative soccer rights and political opposition to Mr. Murdoch's aggressive expansion into Italian markets also hurt the deal.

Comment:

News Corp. and Telecom Italia terminate negotiations over the creation of a digital-television alliance in Italy

Australia, Newspapers, Newspaper Publishers, Newspaper publishing, Abstract

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Telecom Italia hopes to unload pay-TV unit

Article Abstract:

Telecom Italia SpA is planning to divest its 50% stake at Stream, an Italian pay-television network to News Corp. due to its unprofitability. News Corp., which holds the other 50% is currently not interested in the offer.

Mergers, acquisitions and divestments, NWS, Stream

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Seat PG advances talks to buy TeleMonteCarlo

Article Abstract:

Seat Pagine Gialle SpA is nearing a conclusion on its acquisition negotiations with TeleMonteCarlo. Such a deal would give TeleMonteCarlo a value of approximately 500 million euros.

Television Broadcasting, Television broadcasting stations, Monaco, Seat Pagine Gialle S.p.A., Tele-Monte Carlo

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