Kirch Group
KirchGruppe (KirchGroup) was a German media group founded by Leo Kirch (1926–2011) in the 1960s. By 2000, it controlled a 52.5 percent stake in what would become the country's biggest broadcaster. The group collapsed in 2002 largely due to the debts associated with the purchase of Broadcasting of sports events, sports rights for its television channels and the launch of pay-TV services. The holding company for the group was Taurus Holding which had three major subsidiaries, KirchMedia, Kirch PayTV and KirchBeteiligung. KirchMedia declared bankruptcy on 8 April 2002, followed by KirchPayTV on 8 May 2002 and finally KirchBeteiligung on 12 June 2002 along with Taurus Holding. Alwaleed bought 3.19 percent of KirchMedia in 1999, and 3.3 percent of KirchPayTV for $150 million. KirchMedia KirchMedia's main assets were KirchSport, which held the TV rights to the World Cup and other sports; 52.5% of ProSiebenSat.1 Media, an owner of main satellite channels; the Deutsches Sportfernseh ...
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Bavaria
Bavaria ( ; ), officially the Free State of Bavaria (german: Freistaat Bayern, link=no ), is a state in the south-east of Germany. With an area of , Bavaria is the largest German state by land area, comprising roughly a fifth of the total land area of Germany. With over 13 million inhabitants, it is second in population only to North Rhine-Westphalia, but due to its large size its population density is below the German average. Bavaria's main cities are Munich (its capital and largest city and also the third largest city in Germany), Nuremberg, and Augsburg. The history of Bavaria includes its earliest settlement by Iron Age Celtic tribes, followed by the conquests of the Roman Empire in the 1st century BC, when the territory was incorporated into the provinces of Raetia and Noricum. It became the Duchy of Bavaria (a stem duchy) in the 6th century AD following the collapse of the Western Roman Empire. It was later incorporated into the Holy Roman Empire, became an ind ...
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