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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (47469)	11/9/1999 7:06:00 PM
From: John Rieman	Read Replies (1) \| Respond to of 50808

Kirch and Murdoch too link up......................... mediacentral.com Television & Cable 11/6 7:17 CST Email this article Kirch may take 4% BSkyB stake LONDON, Nov 6 (Reuters) - German media entrepeneur Leo Kirch is set to take a four percent stake in Rupert Murdoch's British pay-TV company BSkyB Plc, the Financial Times reported on Saturday. The investment will be made under the terms of a 650 million pounds ($1.06 billion) investment by BSkyB in Kirch's pay-TV service Premiere, which is due to be announced next week. Murdoch said on Wednesday that BSkyB had been invited to take about a 25 percent interest in Premiere and could issue new shares to fund the proposed link-up. The Financial Times said that in order to restrict the number of shares that become available on the market, BSkyB was likely to issue shares worth 350 million pounds to Kirch. Murdoch told shareholders in News Corp this week that Premiere had a chance of becoming bigger than BSkyB since the station was broadcast in a country with 50 percent more homes than Britain, and with a higher average income per home. News Corp, which has a 40 percent interest in BSkyB, has long been struggling for acquisitions to crack the European media market, with a 35 percent stake in Italian pay- TV company Stream the only major purchase to date. ($1=.6161 Pound) ¸ 1999 Reuters Limited. All rights reserved.