C-Cube Message Board - Msg: 3295064

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Technology Stocks : C-Cube

CUBE 36.33

+0.1%

3:24 PM EST

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To: BillyG who wrote (28940)	1/29/1998 4:09:00 PM
From: John Rieman	Read Replies (1) of 50808

Digital Europe in disarray.................................... ijumpstart.com Media Stock Review <Picture><Picture><Picture> BSkyB stock has fallen and it can't get up. News of its pending digital TV delay sent its stock reeling again as it fell 7 per cent to 382p last week. At its highest level, Sky shares were trading at 669p last year. Meanwhile, King World shareholders approved a two-for-one split of common stock last week and voted to double the number of shares to 150 million. Reports out of Germany say that Bertelsmann still can opt out of its deal with the Kirch Group. The deal still has not been finalised and looks to be in trouble with the European Commission. Meanwhile, investment bank Communications Equity Associates and Baring Private Equity Partners have created their third private equity fund - Baring Communications Equity (Emerging Europe) for the media and communications sectors. The fund raised more than $40 million at its first close Dec. 11, 1997. The fund's focus will be on the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic and Slovenia.

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