Fox Angling For A Stake In TCC

Rupert Murdoch’s Fox network is negotiating to take a substantial minority stake in TCC, the British satellite TV service formerly known as the Children’s Channel.

TCC’s parent company, Starstream, is wholly owned by Flextech, which is controlled by U.S. cable giant Tele-Communications Inc.

Flextech managing director Brent Harmon confirmed that he is in exclusive negotiations with Fox, but would not comment on reports that Fox will pay about $50 million for a 49% stake in TCC.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety

Loading