News Corp Increases Stake in Premiere AG

News Corporation 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.

News Corporation’s European pay-TV holdings include a 39 percent stake in BSkyB, the number one pay-television group in the U.K. with more than 8.8 million subscribers, and its wholly-owned Sky Italia, Italy’s leading pay-television provider with over four million subscribers.

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