The Kirch Group and Spanish satcaster Via Digital appear to have buried the hatchet in their price dispute over the 2002 World Cup soccer games.
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A group of creditor banks is stripping Leo Kirch of his once-mighty empire, but the feisty 75-year-old media baron is battling to keep some of his company jewels, particularly World Cup soccer.
Ending weeks of tough negotiations, Televisa has finalized a deal with DirecTV Latin America to sublicense 18 World Cup soccer matches this summer.
Troubled German media giant Kirch continued talks with creditors over the weekend amid reports that Rupert Murdoch and Germany's pubcasters had made offers for the group's lucrative sports assets.
Satcaster DirecTV Latin America has inked two more sublicense deals in Mexico for World Cup rights.
More pain for the cash-strapped Kirch Group: Spanish satcaster Via Digital is attempting to renegotiate the price it paid the German TV giant for 2002 World Cup soccer rights.
DirecTV Latin America has inked a deal for fourth-ranked Argentine broadcaster America 2 to air a minimum of 20 World Cup soccer matches.
Argentina's economic crisis has forced rival broadcasters Artear-Canal 13 and Telefe to team up to buy retransmission rights for the 2002 World Cup.