• Germany's news in English
 

Murdoch owns majority of German Sky

The Local · 14 Jan 2013, 15:54

Published: 14 Jan 2013 15:54 GMT+01:00

The 81-year-old spent nearly €400 million to increase his News Corp media empire's share from just under 50 percent to 54.5 percent Sky announced on Monday.

As the Handelsblatt newspaper reported, Murdoch's News Corp bought up 15 percent of Sky Deutschland at the start of 2008 before scaling that up.

"Our new long-term financial structure now gives us the possibility and the room to further develop Sky as a businss and to implement our strategy," said Brian Sullivan on Monday.

Last year he secured the rights to the Bundesliga, for nearly €2 billion, pushing out Deutsche Telekom - although Sky has since done a deal with Telekom so that its customers can get access to the games.

The Handelsblatt said the Murdoch majority takeover was not unexpected - and was being taken by the industry as a demonstration of his belief in the future of German pay-TV.

Insiders had speculated that Murdoch would take this step ever since last November when the Munich Finance Office decided that a tax credit worth billions of euros would not be invalidated if he increased his share.

Sky Deutschland has made a loss almost since it was launched, but is now making progress towards the black, the Handelsblatt said.

The Local/hc

The Local (news@thelocal.de)

Your comments about this article

12:44 January 18, 2013 by Sastry.M
There is no one in Germany today to fight for Lebensraum in his Sky but he can put an age old English news tabloid into ground for ever with the flick of his pen.
Today's headlines
The Local List
7 ways Germans get English totally wrong
Don't let their confidence fool you: Germans aren't always the best at English. Photo: DPA.

7 ways Germans get English totally wrong

4 hours ago

As much as English-speakers might feel insecure about their Deutsch skills when faced with Germans' comparatively widespread grasp of English, Germans themselves often mess up English - in some pretty hilarious ways.

Mannschaft step forward to welcome refugees
Germany captain Bastian Schweinsteiger at a press conference earlier this week. Photo: DPA

Mannschaft step forward to welcome refugees

4 hours ago

Germany's World Cup-winning footballers have condemned xenophobic attacks on the thousands of foreigners pouring into their country and led calls to help the refugees amidst the ongoing crisis.

Islamist vigilantes face trial for 'Sharia police'
Islamic fundamentalist preacher Sven Lau. Photo: DPA

Islamist vigilantes face trial for 'Sharia police'

6 hours ago

State prosecutors in the Ruhr city of Wuppertal said on Tuesday that they have brought charges against notorious Islamic fundamentalist Sven Lau, who was behind a short-lived 'Sharia police' vigilante force in the city.

Are you a typical expat living in Germany?
Expats love German schools, but they're not so sure they receive a good welcome. Photo: DPA

Are you a typical expat living in Germany?

8 hours ago

A new survey is full of revealing facts about expats in Germany, why they came here, what they love and what they loathe. So how do you measure up?

Lufthansa pilots 'could strike at any moment'
Photo: DPA

Lufthansa pilots 'could strike at any moment'

9 hours ago

Airline pilots' union Vereinigung Cockpit (VC) said on Wednesday that talks with Lufthansa had failed to reach an agreement and that their members could walk off the job at any moment.

Builder on speed blasts pepper spray at refugees
Emergency services in Massow on Tuesday evening. Photo: DPA

Builder on speed blasts pepper spray at refugees

10 hours ago

A man was arrested in Brandenburg on Tuesday evening after he attacked refugees with pepper spray while he was high on amphetamines. Eight of his victims were taken to hospital for treatment.

Ex-Chancellor Schmidt rushed to intensive care
Former Chancellor Helmut Schmidt was taken to hospital on Tuesday. Photo: DPA.

Ex-Chancellor Schmidt rushed to intensive care

12 hours ago

Helmut Schmidt, German Chancellor in the 1970s and early 1980s, has been taken into intensive care at a Hamburg hospital after suffering from a vascular obstruction in his right leg.

Smartwatches to shine at Berlin mega gadget fair
Photo: DPA

Smartwatches to shine at Berlin mega gadget fair

13 hours ago

Sleeker and sexier smartwatches are expected to premiere this week in Berlin at one of the world's biggest consumer electronics shows, with both phone manufacturers and watchmakers jostling for a share of the fast-growing market.

Poland to deploy army to hunt for Nazi gold train
An old mine shaft at Walbrzych in Poland. Photo: DPA

Poland to deploy army to hunt for Nazi gold train

13 hours ago

Poland said on Tuesday it would deploy the military to look for an alleged Nazi "gold train" that sparked global fascination after two anonymous treasure hunters claimed they had pinpointed where it is buried.

Munich woman bit sex attacker's tongue off
Photo: DPA

Munich woman bit sex attacker's tongue off

14 hours ago

A mother in Bavaria managed to bite off the tongue of a sex attacker who targeted her and her teenage daughter in the early hours of Tuesday morning.

RECEIVE OUR NEWSLETTER AND ALERTS

Features
'Berlin is kind of like the best American city'
Features
How Brits in Germany are facing Brexit fears
Sport
German named 'arse bombing' world champ
Travel
Retiree finds parked car after three-week search
National
Ten ways Germany puts Britain to shame
Business & Money
German gadget clamps down on Nutella thieves
Society
Is Germany now a nation of couch potatoes?
National
Half of Germans 'have had sex in their car'
Society
Deadly stew spooks home vegetable gardeners
Politics
The man who brought two Germanies together
Features
Where to get your culture fix in Cologne
Education
Fairytale world of Brothers Grimm brought to life
Rhineland
Thieves leave 1,000 open beers untasted
National
Way to some Germans' hearts is through their wallets
National
Germany's biggest challenge: European refugee crisis
Travel
Where to get your adrenaline pumping in Germany
Technology
Could thieves hack into luxury cars?
What to watch out for when snapping your lunch
National
German lefties through history
National
The fight over prostitution heats up
National
Merkel: migrants, not Greece, are the real challenge
Features
How I explained the Queen to the Germans
Education
Why Germany does 'back-to-school' traditions better
National
Germans are ‘not how foreigners think’
National
A mum and daughter reunite 70 years after WWII
Sport
Bra stops bullet in hunting mishap miracle
National
Cows trample German woman to death in Graubünden Alps
Business & Money
Start-up helps new Berliners short cut bureaucracy
National
The 1,000s of Germans massacred after the Second World War
Sport
Germany star scores own goal with PR gaffe
Features
'Women-only' parking: sensible or sexist?
Politics
Satire and reality blur in parody party's strife
National
13-year-old boy detained for trying to join Isis
Culture
Berlin restaurant serves up Greek Crisis Menu
Rhineland
Doctor on trial after woman wakes in morgue
Society
Six odd things Germans do in the summer
Society
Police bust kinky Bavarian couple over painful love-making
Politics
Merkel brings Palestinian girl to tears
Hamburg
Amateur archaeologist finds Nazi gold hoard
National
Could Merkel learn a lesson in love from this doppelganger?
Travel
Why you should stay in Germany for the summer holidays
Sport
German press tell Schweinsteiger 'good riddance'
National
Hamburg gets a bouncing 100kg baby girl
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

7,008
jobs available
Toytown Germany
Germany's English-speaking crowd