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Latest Satellite News Discussion, Info TF1, FTV should exit France 24 for 2M at General Satellite News forum; TF1, FTV should exit France 24 for 2M According to Alain de Pouzilhac, the president of holding company Audiovisuel Extrieur ...

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Info TF1, FTV should exit France 24 for 2M - 12-December-2008, 11:50

TF1, FTV should exit France 24 for 2M

According to Alain de Pouzilhac, the president of holding company Audiovisuel Extrieur de la France that includes France 24, TV5Monde and RFI, broadcasters TF1 and France Tlvision should exit France 24s 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 Tlvisions will also gain 2M, de Pouzilhac added in an interview to daily Libration.

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).
   
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