MTV parent company Viacom are reportedly attempting to take over the company that owns rival German music TV network Viva. Word is Time Warner and Universal Music Group, are considering selling their share in Viva to Viacom, giving the MTV parent a 46% stake in the German channel, and increasing its hold on music television there. The other 54% is held by institutions and individuals.
May 19, 2004
•
1 min read
MTV hope to buy into German rival
MTV parent Viacom is reportedly seeking to buy Time Warner and Universal Music's stake in German music channel Viva, which would give it 46%.