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European Commission OKs Premiere stake


June 25, 2008 The European Commission on Wednesday cleared News Corp.'s purchase of a 25% stake in German pay TV operator Premiere, but only after the U.S. media titan agreed to give third parties access to Premiere's satellite platform. Premiere's 4.3 million clients can watch pay TV programs broadcast by its competitors, but the company had announced that would end when it switched to technology used by News Corp.

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