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Latest Satellite News Discussion, Info Premiere Star could be sold at General Satellite News forum; Premiere Star could be sold German pay-TV operator Premiere is considering all options regarding its satellite platform Premiere Star, including ...

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Info Premiere Star could be sold - 12-November-2008, 13:40

Premiere Star could be sold





German pay-TV operator Premiere is considering all options regarding its satellite platform Premiere Star, including a sale.

New CEO Mark Williams, who is currently restructuring the troubled broadcaster, has offered the subsidiary to other media companies, reports German financial newspaper Handelsblatt quoting sources involved in the situation.

A firm decision has not been made yet. As an alternative, Williams is considering fully acquiring Premiere Star. The Munich-based parent company currently owns 60% with the remaining shares held by minority shareholders including HypoVereinsbank, Turner Broadcasting System, EM.Sport Media and financial investors. The shareholders estimate Premiere Stars value to be around 120 million.

The package, which launched on September 1 2007, comprises 18 thematic channels which are distributed on Astra (19.2 East) to DTH households in Germany, Austria, Switzerland and Liechtenstein as well as on cable networks. The offer, which costs 19.99 per month, has more than 200,000 subscribers.
   
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