Chellomedia Acquires Remaining 50-Percent Stake in Minimax

LONDON,
June 8: Chellomedia, the European content division of Liberty Global, Inc. has
consolidated its long-standing investment in Minimax by acquiring the remaining
50 percent of the children’s channel.

Chellomedia
has held a 50-percent investment in Minimax since 2004. Targeted at children
aged 2-12, Minimax is broadcast through local language feeds for Hungary, the
Czech and Slovak Republics, Romania, Croatia, Serbia, Bosnia and Herzegovina,
Macedonia, and Montenegro. As a result of the consolidation of Minimax, the
channel will become part of Chellomedia Central Europe’s TV business, which
also includes the Sport1 and Sport2 channels for the region and a joint venture
with MGM.

Mike
Moriarty, the managing director of Chellomedia for Central Europe, commented:
“We have been delighted with the performance of the channel led by the
management team of Minimax and we welcome them fully into the Chellomedia
family.”