Rtl to Retain French Channel M6 Stake After Failed TF1 Merger
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French broadcaster Groupe M6 is no longer up for sale.
Rtl Group has decided to keep its near-controlling stake in the French commercial channel after fielding offers for M6 following a planned merger between the French channel and competitor TF1 falling apart amid antitrust concerns.
Rtl Group said it received “several financially attractive offers” for its 48.3 per cent shareholding in Groupe M6. But after testing the market, Thomas Rabe, CEO of Rtl parent Bertelsmann, said M6 was no longer on the auction block due to concerns over regulatory hurdles.
M6 is the third most-watched TV channel in France and the country’s most profitable private network.
“Groupe M6 is one of the best-run TV companies in Europe with an excellent management team, led by its CEO Nicolas de Tavernost. In 2021, Groupe M6 achieved record operating results. We will continue to pursue our strategy...
French broadcaster Groupe M6 is no longer up for sale.
Rtl Group has decided to keep its near-controlling stake in the French commercial channel after fielding offers for M6 following a planned merger between the French channel and competitor TF1 falling apart amid antitrust concerns.
Rtl Group said it received “several financially attractive offers” for its 48.3 per cent shareholding in Groupe M6. But after testing the market, Thomas Rabe, CEO of Rtl parent Bertelsmann, said M6 was no longer on the auction block due to concerns over regulatory hurdles.
M6 is the third most-watched TV channel in France and the country’s most profitable private network.
“Groupe M6 is one of the best-run TV companies in Europe with an excellent management team, led by its CEO Nicolas de Tavernost. In 2021, Groupe M6 achieved record operating results. We will continue to pursue our strategy...
- 10/3/2022
- by Etan Vlessing
- The Hollywood Reporter - Movie News
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