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Today's paper. Last Updated: 06/03/2012

CLT Ownership Bid

HAMBURG () -- The media giant Bertelsmann AG denied Thursday that it is in talks to buy Luxembourg-based broadcasting group CLT, but said it was interested in partial ownership.


Der Spiegel magazine said Bertelsmann, along with France's Havas SA media concern and pay-television company Canal Plus SA, was looking to buy a controlling interest in CLT from Belgium's Groupe Bruxelles Lambert SA.


According to the magazine, Bertelsmann's supervisory board earmarked 1 billion Deutsche marks ($690 million) Dec. 1 for the purchase while its French partners each set aside 1 billion marks.




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