Union could end megabuck losses by each co.
Some order may finally be coming to the complicated and cash-strapped Italian pay TV biz.Per a report in Thursday’s Financial Times, Jean-Marie Messier and Rupert Murdoch are once again in talks about merging their rival payboxes — Telepiu and Stream, respectively. Such a move could put an end to the megabuck losses incurred by each of the two digital platforms. Messier, the chief exec of Vivendi Universal, which owns Telepiu, and News Corp. chairman Murdoch, a big investor in Stream, are apparently in the early stages of exploring a combination. What’s not clear is how anxious such a deal would make Italo antitrust authorities in Brussels and Rome — as well as the owners of Italian soccer clubs, who benefit from the rivalry of the two platforms.
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