Press Releases
News Corporation completes sale of bTV to CME
London, 20 April 2010 – News Corporation announced today it has
completed the sale of bTV, its Bulgarian terrestrial TV business, to Central
European Media Enterprises (CME), the leading broadcaster in Central and
Eastern Europe, for $400 million plus a payment of $13 million for a working
capital adjustment. Regulatory clearance from the Bulgarian Competition
Authority was received on April 8, 2010.
This sale completes News Corporation's programme of exiting its Eastern
European free-to-air broadcasting businesses.
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of
December 31, 2009 of approximately US$56 billion and total annual revenues
of approximately US$30 billion. News Corporation is a diversified global
media company with operations in eight industry segments: filmed
entertainment; television; cable network programming; direct broadcast
satellite television; integrated marketing services; newspapers and
information services; book publishing; and other. The activities of News
Corporation are conducted principally in the United States, Continental
Europe, the United Kingdom, Australia, Asia and Latin America.
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