News Corporation Increases Stake in German Pay-TV Operator, Premiere AG
Thursday, February 21st, 2008NEW YORK, NY — News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV) today announced it has secured additional shares in leading German pay-TV operator, Premiere AG, increasing its total stake to 19.9 percent. In January, the Company initially acquired a 14.58 percent interest in Premiere from Unity Media.
“We’re looking forward to working constructively with Premiere’s management on the growth and future direction of the business,” said James Murdoch, News Corporation’s Chairman and Chief Executive for Europe and Asia.
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