Arab Today, arab today murdoch secures majority in german skyd pay tv
Last Updated : GMT 01:38:25
Arab Today, arab today
Arab Today, arab today
Media » TV

Murdoch secures majority in German SkyD pay TV

Arab Today, arab today

Arab Today, arab today Murdoch secures majority in German SkyD pay TV

Berlin - Deutsche Welle‏

Rupert Murdoch\'s News Corp will raise its stake in German pay-TV broadcaster Sky Deutschland. The deal is said to reflect the Australian media mogul\'s confidence in the future of German pay-TV in a difficult market. Murdoch\'s News Corp would increase its stake in Sky Deutschland to 54.5 percent through a capital increase at its subsidiary News Adelaide, which already held 49.9 percent in the German pay-TV broadcaster, Sky Deutschland announced Monday. News Adelaide had raised 347 million euros ($463 million) by issuing 77.9 million shares at 4.46 euros a share, the broadcaster said. In addition, Sky Deutschland said it had secured 300 million euros in credit facilities, which were backed by News Corp. \"Our new long-term financial structure gives us the opportunity to expand services and carry through our strategy,\" said Sky Deutschland Chief Executive Brian Sullivan. News Corp, the media empire owned by Australian billionaire Rupert Murdoch, began building a stake in Germany\'s only pure pay-TV broadcaster in 2008. In November 2012, German financial authorities cleared the way for Murdoch to raise its stake to own a majority. They allowed Sky Deutschland to carry forward losses in case its shareholder structure changes. Formerly known as Premiere, Sky Deutschland is said to carry forward losses of 2.3 billion euros because it was able to make a profit in only one year since it was founded in the early 1990s. Murdoch\'s News Corp has invested about 1 billion euros in the business, which partly owns lucrative broadcasting rights to Germany\'s Bundesliga soccer league. However, German consumers can choose from more than 30 free-to-air TV channels, which hold a more watered-down stake in the Bundesliga rights, and many are therefore reluctant to pay extra. According to figures released in 2012, some 3.36 million Germans subscribe to some or all of Sky Deutschland\'s channels.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today murdoch secures majority in german skyd pay tv Arab Today, arab today murdoch secures majority in german skyd pay tv

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Media: تلفزيون
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday