Canal Plus posts net loss for '99 of 336 million euros

Article Abstract:

Canal Plus SA posted a net loss of 336 million euros for the 1999 year. In 1998, the company posted a 28 million euros net loss.

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Lagardere, Vivendi reach pact

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Lagardere Groupe S.A. of France is in joint venture with Vivendi Universal S.A. also of France to buy a 20 percent stake in Canal Plus S.A. Lagardere Groupe S.A. will pay 525 million Euros ($624.4 million). The French cable television broadcasting venture is valued at 7.5 billion Euros.

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Warning fails to dull Canal Plus: Share rise despite profit revision

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After dropping more than 4% following Canal Plus S.A. new profit warning, shares in the pay-TV company on the Paris Bourse closed up 1.8%, or 2, to 114. Canal Plus declined to quanitify its profit warning, the second since Sept. A company representative said that Canal would not release any specific estimates until March. Canal also announced a shuffle in management.

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