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Technology Stocks : C-Cube

CUBE 37.36

+1.2%

Nov 26 3:59 PM EST

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To: Stoctrash who wrote (41200)	5/17/1999 6:02:00 PM
From: John Rieman	Read Replies (1) of 50808

Rupert is being fickle again.......................... mediacentral.com 05-16-99 15:15 EDT Headlines BSkyB will not reopen Canal merger talks LONDON, May 16 (Reuters) - British pay-TV giant BSkyB said on Sunday merger talks with its French counterpart Canal Plus were not being reopened, denying a report in the Observer newspaper. "There is no basis for this story," said a spokesman for Sky, which is 40 percent owned by Rupert Murdoch's News Corp through its UK News International unit. He also said News International was not reducing its stake in BSkyB. The Observer said merger talks with Canal Plus were set to reopen as part of a rethink by media tycoon Murdoch about his involvement in European multi-channel TV. Citing sources close to Murdoch's TV firm, the Observer newspaper said News International might seek to reduce or sell its 40 percent stake in BSkyB even if regulators block a merger with Canal Plus. The paper said moves to resume the merger talks followed the appointment on Friday of Tony Ball as chief executive at BSkyB. When the talks stalled in March, a key issue was over who should control the merged group. Murdoch is believed to have offered the job to Canal Plus Chief Executive Pierre Lescure, which caused a row with the then BSkyB chief Mark Booth and contributed to Booth's departure, the paper said. Booth is to head a new media company, e*partners, founded by News Corp.

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