The Business of Multiscreen Television
The Zurich-based publishing company Ringier has decided to sell its 33.3% stake in the pay-TV operator Teleclub for an undisclosed fee.
The transaction will take place at the end of this month and leave Teleclub wholly owned by Cinetrade, itself 49% owned by the telco Swisscom.
Although Ringier’s entertainment division is undergoing restructuring, the company says that television remains of “strategic importance” to its activities.
About Chris DziadulChris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com
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