TS News - News Corp May Offer ASkyB Stake
From: Martyn Williams <email@example.com>
Date: Sat, 28 Dec 1996 16:25:08 +0900
From firstname.lastname@example.org Sat Dec 28 02: 45:48 1996
TELE-satellit News, 28 December 1996
News Corp May Offer ASkyB Stake
LONDON, England, 96/12/28 (TS) -- News Corporation may offer up to 30
percent of American Sky Broadcasting (ASkyB), according to a report in
London's Financial Times newspaper. The share offering comes as a result of
the merger of part owner MCI with British Telecom.
Previously plans called for MCI to take a 50 percent stake in ASkyB but
its merger with BT may result in it holding a 20 percent stake. The share
offer will involve the remainder of the stake MCI was to have held.
ASkyB is planning to launch a multi-channel digital television service in
the United States in late 1997.
(c)TELE-satellit 1996. All rights reserved.
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