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Hearst, Cap Citiies link in Brazil

Published on .

Hearst Corp. and Capital Cities/ABC--already linked financially through their ownership of ESPN--said they are forming another joint venture company that will acquire a 20% stake in a Brazilian pay TV company, Tevecap SA. The company, part of the Abril Group, based in Sao Paulo, has eight pay systems in Brazil and more than a half million subscribers.

Copyright January 1996 Crain Communications Inc.

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