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MUMBAI:
US media conglomerate News Corporation has announced that
it has secured additional shares in leading German pay-TV
operator Premiere, increasing its total stake to 19.9 per
cent.
In
January, the company initially acquired a 14.58 per cent interest
in Premiere from Unity Media.
News
Corp’s chairman and CEO for Europe and Asia James Murdoch
says, “We’re looking forward to working constructively
with Premiere’s management on the growth and future direction
of the business.”
News
Corp’s European pay-TV holdings include a 39 per cent
stake in BSkyB, the number one pay-television group in the
UK with more than 8.8 million subscribers, and its wholly-owned
Sky Italia, Italy’s pay-television provider with over
four million subscribers.
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