| | FT.com / Companies / Media & internet - Axel Springer abandons plan to sell TV channel (Site not responding. Last check: 2007-10-31) |
 | | Axel Springer, the German newspaper publisher, has abandoned its plans to sell a television channel to save its takeover of a leading broadcaster, in a move that clears the way for it to take legal action over regulators’ handling of the affair. |
 | | Springer has refused to give up on the €4.2bn ($5bn) transaction and is considering all options, especially legal ones, which it can only use if it has withdrawn its disposal offer. |
 | | Regulators fear Springer’s dominance of the tabloid and TV markets could lead to a duopoly with market leader Bertelsmann, which in turn would entail huge increases in advertising rates and threaten the diversity of media in Germany. |
| www.ft.com /cms/s/e6340fe0-86ba-11da-8521-0000779e2340.html (598 words) |