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Latest Satellite News Discussion, Antena 3 and La Sexta to merge at General Satellite News forum; Antena 3 and La Sexta to merge 10.19 Europe/London, December 16, 2011 By Robert Briel Mexican Grupo Televisa has given ...

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Antena 3 and La Sexta to merge
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Antena 3 and La Sexta to merge - 16-December-2011, 20:40

Antena 3 and La Sexta to merge

10.19 Europe/London, December 16, 2011 By Robert Briel





Mexican Grupo Televisa has given the green light to the integration of Spanish broadcasters Antena 3 and La Sexta.
The deal comes after years of speculation of a possible merger of the two channels.
The merger involves no cash payments, just a new distribution of shares. Televisa will trade its 40.8% share in La Sexta for an increase of 14.5% in its stake in Imagina Media Audiovisua, the main shareholder of Antena 3.
Imagaina will now see its share in Antena 3 increase to 92% as a result of the transaction, which is subject to regulatory approval.
The merger between Antena 3 and La Sexta is the second in a process of consolidation in the Spanish TV market. In December 2009 Telecinco and Cuatro merged.
Earlier this week the Prisa Group announced it is withdrawing its Canal+ 2 channel from the DTT market.


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