Kirch acquires TM3 and sells it to H.O.T.

By 2001-01-23T16:49:00

Germany's Kirch Media has acquired News Corp's shares in commercial free-TV channel TM3, and transferred them to EUVIA Media, a 100% subsidiary of the home shopping management and holding company H.O.T. Networks. News Corp has taken a 2.48% stake in Kirch Media as part of the deal.

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