Kirch. The deal's in doubt....................
infoseek.com
Full story
Bertelsmann says planned pay-TV link in jeopardy
11:27 a.m. May 10, 1998 Eastern
FRANKFURT, May 10 (Reuters) - The future of the proposed pay-TV alliance between German media groups Bertelsmann (BTGGg.F) and Kirch is not looking bright, a spokesman for Bertelsmann said at the weekend.
''We expect the EU Commission to make a negative decision,'' Manfred Harnischfeger, head of Bertelsmann public relations, told German television.
Previously, Bertelsmann spokesman Helmuth Runde had denied a report in the news magazine Spiegel that the proposed tie-up, which alos includes Deutsche Telekom's (DTEG.F) cable-TV services, had collapsed.
''There is no question of a decision having been reached,'' he said, adding that the Commission had to make a decision by the beginning of June.
''Until this decision is made, the situation remains open,'' he said.
|
