TITLE

Saban, MTV race for stake in Viva

AUTHOR(S)
Meza, Ed; Koehl, Christian
PUB. DATE
March 2004
SOURCE
Daily Variety;3/25/2004, Vol. 282 Issue 64, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Entrepreneur Haim Saban and MTV parent Viacom Inc. are vying for a major stake in German music television group Viva Media. Current major shareholders of Viva, which owns music webs Viva and Viva Plus, include Time Warner with 30.6 percent and Universal with 15.3 percent. Viacom and Saban are said to be in talks with all Viva shareholders for as much as 60 percent of the group. A successful bid by Viacom would wipe out the competition for MTV which has been forced to share the German market with Viva.
ACCESSION #
12679351

 

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