Time Warner joins German news venture. (Time Warner International joins consortium with Bertelsmann AG and Gruner & Jahr)
Multichannel News, July, 1991
NEW YORK -- Time Warner International has joined a consortium of German companies applying for a license to create a news and information television channel in Dusseldorf, Germany. The consortium applied Tuesday for the license in the North Rhine-Westphalia region for an advertiser-supported channel distributed by both cable and broadcast.
Time Warner International is a minority partner in the consortium, which is led by Bertelsmann AG, a media and entertainment company, and Gruner & Jahr, a Hamburg-based publisher. Other members include the George von Holtzbrinck publishing group; DCTP, a major German television production company; and two venture capital companies, including a major German bank. The proposed channel will compete in the...
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