Saban Agrees to Buy Kirch Media Library

From Associated Press

U.S. entertainment entrepreneur Haim Saban has agreed to buy the film library and rights business of Germany’s collapsed Kirch media empire.

Saban, founder of the Fox Family Worldwide network, made a deal last week to buy the prime Kirch asset, its controlling stake in ProSiebenSat.1, the country’s No. 2 television broadcaster, for an undisclosed price.