NewsCorp Boosts Share in Germany's Premiere TV

25 February 2008

NEW YORK: News Corporation has increased its stake in German pay-TV broadcaster Premiere  by 5.3%, taking its total interest in the company to 19.9%. 

It bought an initial 14.6% slice of Premiere from German cable network Unitymedia last month, for $421 million (€286.7m; £213.67m), although the source of its most recent stock purchase is unknown.
Said James Murdoch (pictured), chairman/ceo of NewsCorp's European and Asian operations: "We're looking forward to working constructively with Premiere's management on the growth and future direction of the business."

Data sourced from Wall Street Journal Online; additional content by WARC staff