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

To: Bill DeMarco who wrote (25898)	11/30/1997 2:47:00 PM
From: John Rieman	Respond to of 50808

European Commission moves to slow C-Cube's sales/earnings................................... techserver.com European Commission stops German digital TV pact ------------------------------------------------------------------------ Copyright c 1997 Nando.net Copyright c 1997 Reuters BONN (November 30, 1997 1:23 p.m. EST nando.net) - German media groups Kirch and Bertelsmann confirmed over the weekend that the European Commission had provisonally blocked their planned digital television alliance. Bertelsmann unit CLT-Ufa and the Kirch group said in statements that the European Commission had asked them both to cease the joint marketing of their "d-box" decoder system. "However, the letter from the Commission is a provisional one and is not a final decision. We will have intensive discussions about this extremely complex issue at the start of next week," Rolf Schmidt-Holtz, management board chairman of CLT-Ufa, said on German television. The deal would have united Bertelsmann's Premiere and DF1, Kirch's digital pay TV company. CLT-Ufa and Kirch said during the summer that the two groups wanted to co-operate in the area of pay TV. To receive the programs, both agreed to use the d-box decoder system. Another potential blow for digital television came from the general secretary of the world soccer federation FIFA, Joseph Blatter, who said FIFA would decide if, when, and where games from the World Cup Finals in 2002 and 2006 would be shown. He said that FIFA had a veto over the broadcast of games in the World Cup finals and that if necessary, it would tear up its contract with Kirch. Kirch paid 3.4 billion marks ($1.9 billion) in 1996 for the TV rights to the 2002 and 2006 World Cup finals, but some pundits have expressed concern that the games will only be available live on pay TV.