BERLIN — The son of Bavarian media mogul Leo Kirch has founded Thomas Kirch Communication GmbH & Co. KG Medien Holding, Munich-based news service New Business reported over the weekend.
Established on Oct. 14, the holding company unites Thomas Kirch’s electronic media investments, including ProSieben Media AG, regional TV channels TV Munchen and TV Berlin, shopping channel H.O.T. and shares in radio stations. The purpose of the holding is to acquire and administer shares in media companies and to offer consulting and TV-related services.
The new holding has an initial capital base of 25 million marks ($14 million), according to the news service.