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EU to OK Murdoch’s pay TV stake

Mogul to pick up 24% of Premiere World

BERLIN — The EU is likely to approve Rupert Murdoch taking a sizable stake in the Kirch Group’s pay TV web Premiere World in the next couple of days, according to local reports.

Murdoch agreed late last year to buy a 24% stake in Germany’s pay TV giant Premiere World.

The news comes less than a year after the EU vetoed Kirch’s plans to split Premiere World with local rival Bertelsmann in a wider pay TV alliance.

The decision bodes well for the German giant and the local pay TV market, which were both dealt serious blows by the EU’s previous ban.

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