Telepiu soon to be "Sky Italia"



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Rupert Murdoch's News Corporation is relaunching his bid to control pay TV on the continent after announcing he will buy an Italian pay TV company, Telepiu

He told a New York conference today he had agreed to buy the loss-making firm from the beleaguered Vivendi Universal for £565m, reigniting the media tycoon's dream of dominating the European pay TV landscape.

This is a world class property in an untapped market without cable competition. We would expect to see immediate subscriber growth, the elimination of piracy, and compelling programming," Mr Murdoch told a Goldman Sachs conference.