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Bertelsmann raises $2.5bn from AOL Europe stake

-term debt -- a surprising move, given that the company is understood to have about DM18bn ( 5.6m) in cash ...

Jim Henson Company plans MBO from troubled EM.TV

its debt. It wrote down the value of the Jim Henson Company by DM704m ( 228m) in its balance sheet ... analysts when it reported full year losses of DM2.8bn ( 887.5m), more than twice as high as the expected DM ...

EM.TV loses executive number four

The news follows a recent set of disastrous full-year results in which the company posted losses of DM 2.8bn ( 887.6m), almost three times as bad as the expected loss of DM 1bn ( 317m). Rothblum ... EM.TV 57m) in revenues which dramatically failed earlier forecasts of DM590m ( 186.9m). ...

Kirch increases Formula 1 stake

Ecclestone. EM.TV will take a DM 1.3bn ( 412.74m) write-down against its original 50% stake in SLEC. In addition. it will take a DM 684m ( 217.17m) write-down against its purchase of the Jim Henson Company ...

EM.TV shocks with dire losses

-year losses of DM 2.8bn ( 887.56m), almost three times as bad as the expected DM 1bn ( 316.98m)....it reported full-year losses of DM 2.8bn ( 887.56m), almost three times as bad as the expected DM 1bn ( 316 ... expected third-quarter earnings. He cut profit forecasts to DM50m ( 15.85m) from DM 600m ( 190.24m) on sales of DM 1.5bn ( 475.59m). Sales for 2000 came in at DM 1.3bn ( 412.18m), just short of forecasts ...

Future closes Business 2.0 in UK and Europe

is also closing its entire German operation, Future Verlag, which generated losses of DM 0.5m ( 6.4m) on revenues of DM 22.5m ( 7m) last year. Future Verlag is expected to make losses of DM 9.4m ( 2.9m) for the current financial year on revenues for the period of around DM 7.7m ( 2.5m). Future said it would ...

Bertelsmann injects more cash into Pixelpark

LONDON (Brand Republic) - German media group Bertelsmann has agreed to invest more cash into internet services company Pixelpark, after its attempts to sell its stake in the company appear to have failed. The cash injection is believed to be less than DM50m ( 15.92m). The investment will help fund ...

German advertisers cautiously increasing adspend

LONDON (Brand Republic) - The German advertising market has continued to slow during the first quarter of 2001, but there are signs that it is picking up, according to new figures from ACNielsen. Investment in television, print and radio advertising totalled DM8.1bn ( 2.58bn), a decline of 3 ...

WPP swoops on two marketing firms

ending September 30 2000, reported revenues of DM87m ( 24.49m) and net assets of DM24m ( 7.58m ...

T-Online scraps flat-rate internet access

with Kirch Group which will be unveiled in two months’ time. The flat-rate fee of DM79 ( 25.50) a month ... at a fee of DM29 marks ( 9.30). The flat-rate abolition also allows Deutsche Telekom to establish its ...

 

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