MARCH 11, 2002
Kirch to discuss asset sale today
Leo Kirch, the boss of the troubled Kirch Group, will decide today whether or not he is going to have to sell off chunks of his media empire to keep the whole business afloat.
Kirch's aim is to keep hold of his TV stations in Germany. With the Germany government keen to stop Kirch's media assets falling into foreign hands it is expected that the big German banks will take some of the assets.