Bertelsmann, Axel Springer set up online sports channel

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intention jointly to set up an online sports channel.

Sportkanal is scheduled to kick off this summer under General Manager Ulrich Neuer. Neuer has been responsible for business development with Bertelsmann's New Media division. Both media companies point out that they have many resources in sports information, including Axel Springer's weekly Sport Bild. Each partner will hold 50% of the share capital.

Copyright March 1997, Crain Communications Inc.

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