Capital Media Group raises $16 million and announces a strategic relationship.LONDON--(BUSINESS WIRE)--Feb. 16, 1996--Capital Media Group Limited, the independent media holding group ("Capital Media" or "the company"), announced that its private placement (the "private placement"), which closed on Feb. 9, 1996, has raised gross proceeds (prior to payment of commission and expenses) in the amount of $16 million. The company also announced the formation of a strategic relationship with the French media group AB Productions ("ABP 1. (networking) ABP - Alternating bit protocol. 2. ABP - Microsoft Address Book Provider. "), which holds a 12.6 percent stake in Capital Media after having subscribed for $4 million in the private placement. As a result of its investment in Capital Media, ABP has been granted the right to designate des·ig·nate tr.v. des·ig·nat·ed, des·ig·nat·ing, des·ig·nates 1. To indicate or specify; point out. 2. To give a name or title to; characterize. 3. two members to Capital Media's board of directors. The transaction with ABP was arranged through Unimedia, a company with which Capital Media is exploring and evaluating opportunities in the multimedia market. ABP holds an equity stake in Unimedia. Charles Koppel, president and chief executive officer, Capital Media Group Limited, commented: "We are thrilled to have established a relationship with Unimedia and to have AB Productions as a major shareholder. ABP is a professional organization with an outstanding track record in the industry and a real understanding of potential opportunities lying ahead." Capital Media Group Limited Capital Media Group Limited, formerly Excalibur Communications Limited, is a media holding company with activities in Germany, the United Kingdom and Romania. The company's strategy is to acquire and/or develop a broad range of electronic and print media activities in Western and Central European markets. The principal activities of the group currently include: -- ONYX onyx (ŏn`ĭks), variety of cryptocrystalline quartz, differing from agate only in that the bands of which it is composed are parallel and regular. Television -- a new German music television channel launched at 7 a.m. on Saturday, Jan. 6, 1996, via the Eutelsat 11 F I satellite. ONYX Television GmbH is licensed in Germany and is available across Europe, via Eutelsat, 18 hours a day. ONYX is a music-based channel featuring programming which appeals to a core adult audience of 30- to 55-year-olds: jazz, country, classical music, rhythm and blues rhythm and blues (R&B) Any of several closely related musical styles developed by African American artists. The various styles were based on a mingling of European influences with jazz rhythms and tonal inflections, particularly syncopation and the flatted blues chords. , easy listening easy listening n. Music Light or popular compositions, usually having a prominent melody and a quiet or blended arrangement. pop and rock, as well as original German music (Schlager). -- Tinerama -- a Romanian newspaper publisher and radio station operator. -- Blink TV -- a producer of specialist lifestyle programming. AB Productions AB Productions is an independent and privately owned French media group. ABP is the leading producer of French Television programming, producing in the region of 1,300 hours of programming per annum Per annum Yearly. . ABP has more than 50,000 square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas of studio sets, together with associated facilities. ABP is also active in documentary and feature film production. ABP has a program library with an excess of 12,000 hours of programming, varying from French, European and worldwide rights. The programming library includes animations series, sitcoms  The perspective and/or examples in this article do not represent a world-wide view. Please [ edit] this page to improve its geographical balance. , documentaries and feature films. ABP distributes the collection of programming worldwide. ABP has a merchandising division, a French record label and music video production company, "AB Disc" and other activities including a strong publishing arm, a feature film distribution company for cinema, and a retail video distribution operation. In December 1995, ABP launched "AB Channel 1" on Eutelsat 11 Fl (the same satellite on which "ONYX" currently broadcasts). AB Channel 1 is a French-language general entertainment channel. ABP, through "AB Sat," has plans to launch a further 19 channels to a European audience via both satellite and cable. Unimedia Unimedia is a French-registered hi-tech company with a unique expertise in designing turnkey integrated solutions for multimedia interactive off-line and on-line applications and services. These include electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. and securitized securitized Of, related to, or being debt securities that are secured with assets. For example, mortgage purchase bonds are secured by mortgages that have been purchased with the bond issue's proceeds. fax, home and virtual shopping Virtual shopping is a form of e-commerce giving the ability for individuals to shop remotely via a computer network connection, normally on the Internet using the World Wide Web. , distant interactive education, and interactive video and TV games. CONTACT: Capital Media Charles Koppel/Barry Llewellyn, +44-171-495-8662 or AB Productions Claude Berda/Marc Sillam, +33-1-4922-2001 or Unimedia Gilles Assouline, +33-1-4353-6999 or Brunswick James Garthwaite/David Hardiman-Evans, +44-171-404-5959 |
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