News Corp adds to Premiere share
May 21, 2008
News Corp has upped its holding in the German pay-TV platform to 25.01 per cent. This is up from 22.7 per cent and follows the company progressively increasing its holding since January when it paid E287 million for a 14.58 per cent stake previously held by Unitymedia.
News Corp executives Mark Williams and Tom Mockridge, recently promoted to head all News TV outside the UK, are due to be appointed to Premiere's supervisory board at a general assembly on June 12th. The European Commission has said it may review the News' stake based on concern it could block decisions at an AGM.