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Germany's ProSiebenSat1 and Kirch Media to merge

The executive board of German TV broadcaster ProSiebenSat.1 has agreed in principle with Kirch Media to merge the two companies by the end of June 2002. The new entity will be listed on the exchange as Kirch Media, ProSiebenSat.1 according to a statement. Kirch Media is the TV rights trading division of privately -owned German media giant Kirch Group. ProSiebenSat.1 is listed on the German mid-cap MDAX exchange

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