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MURDOCH’S NEWS CORP BUYS BACK INTO THE GERMAN TV MARKET

January 8th 2008 10:45

Rupert Murdoch has bought a nearly 15 per cent stake in Germany’s largest pay TV broadcaster, Premiere, for US$487 million, according to The Australian.
But his News Corporation media conglomerate, which owns Fox News Channel and part of BSkyB, does not plan to increase the stake in Premiere, a source familiar with the matter said.
The Munich-based company has repeatedly been at the centre of market speculation that French media group Vivendi was interested in it.
Premiere is not Murdoch's first foray into German television. News Corp once owned a 49 per cent stake in VOX, which belongs to European broadcasting company RTL Group, owned by Bertelsmann.

He was also involved in media entrepreneur Leo Kirch's Kirch Group, which used to own Premiere.

- From MediaBlab
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