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Technology Stocks : C-Cube

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To: Tim McCormick who wrote (33735)	6/10/1998 9:27:00 PM
From: John Rieman	Read Replies (2) of 50808

Premiere. They use d-boxes......... wired.com German DigiTV Plan Presses On Wired News Report 1:10pm 10.Jun.98.PDT Premiere, the pay-TV service at the center of two German media giants' plans for digital TV, intends to push forward with its digital service despite rejection by the European Commission. The European Union last month blocked an attempt by Bertelsmann AG and Leo Kirch to merge their digital-TV activities, contesting the deal on the grounds that it would create a market monopoly. But Premiere said today that it has filed new applications for digital broadcasting licenses. Premiere said the application was based on the current investor structure in which French pay-TV service Canal Plus and Bertelsmann TV unit CLT-Ufa each hold 37.5 percent and Kirch owns 25 percent. Canal Plus has announced its plans to sell its share. Premiere chief executive Ferdinand Kayser said he hoped to have 15 digital programs approved for the Munich and Hamburg markets in time for the Christmas shopping season. Premiere said it currently has 1.65 million subscribers, 120,000 of whom receive its digital service.

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