Advanced Medien seeks partner’s help

Co. posted losses of $33 mil in 2000

BERLIN — Financially troubled German film group Advanced Medien is in negotiations with five German TV outfits for possible linkups, according to new chairman Otto Dauer.

None of the potential partners are publicly listed companies, Otto told the Financial Times Deutschland.

Dauer, former head of finance, replaced Christophe Montague in March as company topper.

His biggest goal is to secure company’s liquidity in order to preserve the business, Dauer told the newspaper.

Losses mount

Advanced posted losses of DM 71.8 million ($33 million) in fiscal year 2000.

Company hopes to improve its situation by hooking up with a reliable partner. Industry watchers say candidates could include the Home Shopping Europe channel (formerly known as H.O.T.) or TV marketing agency Dolce Media, owned by kidvidder EM.TV, German TV personality Thomas Gottschalk and his brother Christoph.

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