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June 2, 1999 |
Is it only a coincidence that Disney is deep in business negotiations with Bertelsmann? Last month it was reported that Disney is spinning off its majority stake in Super RTL, a family-oriented German television channel that is expected to have $121 million in revenue this year, and Bertelsmann is a probable purchaser. Through CLT-Ufa (a joint venture with Luxembourg's CLT), Bertelsmann controls Germany's leading commercial TV network, RTL, and owns Super RTL jointly with Disney. Now Bertelsmann wants outright control of the channel, which claims a respectable 1.6 percent share of the German audience. The New York Times reported last week that William Morrow, a division of Hearst, is interested in Masters' book. On Tuesday, Morrow executive editor Henry Ferris confirmed that the house is still considering the biography. "We're very, very interested," Ferris told Salon Books. "We think very highly of Kim Masters' reporting."
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About the writer Sound off Related Salon stories Let the games begin! Jeffrey Katzenberg and Michael Eisner may just be two rich white guys
squaring off in court -- but they're
two very, very rich white guys who really, really don't like each other. Bertelsmann's online blitzkrieg The real reason the German giant bought Random is Web marketing -- and that's bad news for independent bookstores.
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