Info TF1, FTV should exit France 24 for €2M -
TF1, FTV should exit France 24 for €2M
According to Alain de Pouzilhac, the president of holding company Audiovisuel Extérieur de la France that includes France 24, TV5Monde and RFI, broadcasters TF1 and France Télévision should exit France 24’s stakes for an amount of €2 million each.
Estimating the current value of the channel to reach €90 million, TF1, which put €18000 into France 24 at the beginning of the project, had first asked €45 million to exit. “France Télévisions will also gain €2M,” de Pouzilhac added in an interview to daily Libération.
However, France 24 will sign with both groups three seven-year contracts for image delivery. One of these is worth €1 million, with France TV regarding current news, and two with TF1 for archives (€800,000) and a Eurosport feed (€900,000).