Nickelodeon shuts German operation after GBP50m losses
Article Abstract:
Nickelodeon has shut down Nickelodeon Germany after losses incurred by the channel ballooned to approximately DM150 million or 52 million pounds sterling. The German version of kids' channel Nickelodeon informed its 60 employees of the shutdown after talks with a number of potential owners did not yield positive results. The channel is 90%-owned by Viacom and 10%-controlled by German children's publisher Ravensberger. However, the trademark and company will continue to handle sales and marketing of Viacom and Ravensberger's children's programming in Germany.
Comment:
Shuts down operations in Germany after its losses ballooned to approximately DM150 million or 52 million pounds sterling
Publication Name: Broadcast
Subject: Mass communications
ISSN: 0040-2788
Year: 1998
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Deutsche Telecom to spin off cable TV interests
Article Abstract:
Deutsche Telecom, a state telecom operator based in Germany, has announced its board of governors have approved of a proposal to spin off the company's cable TV holdings. The company said the sale of its cable TV operations, which has subscribers of 18 million, will bring the telecom company losses amounting to 1.6 million pounds sterling or DM4.5 million. Deutsche Telecom was pressured to sell the business after German regulatory authorities rejected the firm's request to increase subscription rates.
Comment:
Its board of governors approve of proposal to spin off company's cable TV holdings
Publication Name: Broadcast
Subject: Mass communications
ISSN: 0040-2788
Year: 1998
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CLT ventures cause stir in France and Germany
Article Abstract:
Local media groups in France and Germany claim that Luxembourg media concern CLT is contravening media ownership regulations. In France, RTL9, which is owned by CLT, has been accused of attempting to avoid domestic restrictions on the showing of feature films, while in Germany CLT is facing protests against its 50% ownership of Super RTL. German commercial television channels Kabel1 and Pro7 claim that CLT has exceeded the ownership limit of 49.9% of one station per company.
Publication Name: Broadcast
Subject: Mass communications
ISSN: 0040-2788
Year: 1995
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