News Corp. takes on Germany again

Iria · Jun 16, 2008, 03:33 AM

The last time News Corp. left the German media market in 2002, the exit was costly. The media conglomerate controlled by Rupert Murdoch had been a shareholder in the media group controlled by the Munich entrepreneur Leo Kirch and had to take a $1.93 billion write-off when two Kirch companies filed for bankruptcy.
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Source: IHT

Jun 16, 2008, 03:33 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	News Corp. takes on Germany again The last time News Corp. left the German media market in 2002, the exit was costly. The media conglomerate controlled by Rupert Murdoch had been a shareholder in the media group controlled by the Munich entrepreneur Leo Kirch and had to take a $1.93 billion write-off when two Kirch companies filed for bankruptcy. ____________ Source: IHT