Pan-European broadcaster SBS Broadcasting plans to back German entrepreneur Herbert Kloiber in launching a German channel.
Deal would give the broadcasting group its first channel in Germany. SBS topper Harry Sloan told the local press that the company could realistically invest between $22 million and $88 million in a new channel.
Kloiber announced plans to launch an analog channel after Rupert Murdoch bought him out of mini-web TM3 earlier this year. Channel is rumored to be going to Kirch, one of two German groups that control the local broadcasting market. The other is Bertelsmann. A minority shareholder in SBS, Kloiber’s Tele Munchen and SBS are involved in several ventures across Europe.