Viva Media AG
VIVA Media AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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AOL TIME WARNER AND VIVA MEDIA CREATE NEW COMPANY
– The new Company will relaunch and rebrand VIVA ZWEI as a music channel at the
beginning of 2002 and will manage VIVA Media’s digital assets (www.viva.tv)
Cologne, September 13, 2001: AOL Time Warner Inc. and VIVA Media AG have
expanded their existing relationship to create a new company that will relaunch
and rebrand VIVA ZWEI as a music channel at the beginning of 2002 and will
manage VIVA Media’s digital assets (www.viva.tv).
Under the terms of the new partnership, AOL Time Warner will have a 49% stake
and VIVA Media a 51% stake in the new venture.
The closing of the transaction is subject to the receipt of necessary
regulatory approvals.
AOL Time Warner currently has an 18.9% stake in VIVA Media, as do EMI Group PLC
and Vivendi Universal.
Due to the current acts of terrorism in the United States of America both
partners will give further details at a later date.
Contact:
VIVA Media AG.
Im Mediapark 2. D-50670 Cologne. http://www.vivamediaag.com
Investor Relations: Michael Armbrust. Phone: +49 (0)221-5744-1700
Email: ir@vivamediaag.com
end of ad-hoc-announcement (c)DGAP 13.09.2001
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WKN: 617106; Index:
Listed: Neuer Markt in Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
132030 Sep 01
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