COMPANY TOWN ANNEX
* EM.TV & Merchandising said that the chairman of its board has resigned over a rescue package under which broadcasting company Kirch Group will take a stake in the troubled media firm. Nickolaus Becker, head of EM.TV’s supervisory board since 1997, has reportedly clashed with Kirch boss Dieter Hahn and sought alternative partners for EM.TV, including a consortium led by German publisher WAZ Group.
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