Red Bull adds TV net to holdings

4:00 AM PST 01/03/2007 by Scott Roxborough, AP

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COLOGNE, Germany -- Energy drink manufacturer Red Bull has acquired Austrian regional television channel Salzburg TV.

Red Bull bought a 95% stake in Salzburg TV, which broadcasts to about 760,000 households in Austria's second-largest city, from two Austrian banks, the company said Tuesday. Both sides declined comment on the purchase price.

Red Bull already controls an Austrian publishing house -- Red Bulletin Verlag -- and owns Austrian premiere league soccer team Red Bull Salzburg.
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