||This article may be expanded with text translated from the corresponding article in the German Wikipedia. (April 2013)|
KirchGruppe (KirchGroup) was a German media group founded by Leo Kirch. The group collapsed in 2002 largely due to the debts associated with the purchase of 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 itself insolvent on 8 April 2002, followed by KirchPayTV on 8 May 2002 and finally KirchBeteiligung on 12 June 2002 along with Taurus Holding.
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 DSF sports channel; TaurusProduktion, a film and TV production group; and TaurusLizenz, owner of fiction and media medium rights.
KirchMedia was declared insolvent on 8 April 2002.
KirchPayTV filed for bankruptcy on 8 May 2002.
KirchBeteiligung filed for insolvency on 12 June 2002, along with the Taurus Holding parent company of the Kirch Group.