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Technology Stocks : C-Cube

CUBE 36.52

+0.3%

Dec 12 9:30 AM EST

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To: BillyG who wrote (33539)	6/1/1998 5:55:00 PM
From: John Rieman	Read Replies (1) of 50808

Japan setting up Digital Video services companies.......................................... biz.yahoo.com -------------------------------------------------------------------------------- Monday June 1, 3:18 am Eastern Time TV Asahi,others to spend Y25bln on digital TV firm TOKYO, June 1 (Reuters) - Japan's Asahi Broadcasting Corp (TV Asahi) (9405.OS) said on Monday it and 41 other companies would invest 25 billion yen to set up a digital satellite broadcast service company in October. Participants in the new company include trading houses Marubeni , Tomen Corp and Sumitomo Corp , TV Asahi said in a statement. Marubeni said it would take a 15 percent stake in the company. TV Asahi said it expects the company to begin service in 2000, when Japan will switch its analogue satellite service to digital. In May, Nippon Television Network Corp (NTV) and TV Tokyo formed affiliates to seek licences for digital satellite channels. Analysts say the digital satellite channels will loom as the biggest competitors to two multi-channel pay-TV broadcasters, Sky PerfecTV and DirecTV.

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