The KIRCH group, associated itself with the German publishing group AXEL SPRINGER to create PROSIEBENSAT-1 MEDIA AG, a new leader in private television with a market capitalisation of DM 11 billion and gathering the companies PROSIEBEN and SAT-1. This new group, 88.52% held by KIRCH and 11.48% by AXEL SPRINGER, will have an annual turnover of DM 2.5 billion.