Ismaning, Germany-

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The Kirch Group will merge its SAT.1 channel with Pro Sieben Media A.G.-a company that owns the Pro 7, Kabel 1 and N24 channels. Kirch and the retail chain Rewe A.G. owned Pro Sieben, while Kirch and publisher Springer A.G. owned SAT.1. Under the new structure, Springer will hold 11.48 percent and Kirch will have 88.52 percent of the general stock in the new company, called ProSiebenSAT.1 Media A.G. Rewe will own a minority position in the holding company Kirch Media KgaA, which oversees the new entity. All channels in the group are commercial, free-to-air channels widely available via cable and satellite.

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