News Corp. Takes Stake in Top German Pay TV Operator

Jan 7, 2008  •  Post A Comment

News Corp. has expanded its European pay TV holdings with the purchase of a 14.58% stake in Premiere AG, the leading pay TV operator in Germany and Austria, for 287 million euros in cash.
“Pay TV is a core business for News Corp., and it’s a category that’s thriving across Europe with a multitude of new services and innovations. We see enormous potential for growth in Germany and believe the time is right to invest in its foremost pay TV business, Premiere,” News Corp. Chairman-CEO Rupert Murdoch said Monday in announcing the deal.
News Corp.’s other European holdings include a 39% stake in BSkyB, the No. 1 pay television group in the U.K., and its wholly owned Sky Italia, Italy’s leading pay TV provider.


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