Article: News Corporation acquires Telecom Italia's stake in Sky Italia.

LONDON -- News Corporation today acquired Telecom Italia S.p.A.'s 19.9% stake in Sky Italia S.r.l., the satellite pay TV platform in Italy. News Corporation paid EUR 88 million for the stake, bringing News Corporation companies to hold 100% of Sky Italia.

The platform has over 2,700,000 subscribers throughout Italy.

The News Corporation Limited (NYSE: NWS, NWS.A; ASX: NCP, NCPDP) had total assets as of June 30, 2004 of approximately US$51 billion and total annual revenues of approximately US$21 billion. News ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!