Update TF1, AB Group in DTT chnl talks -
TF1, AB Group in DTT chnl talks
Takeover talks between TF1 and AB Group are underway according to Le Figaro’s website at the end of last week. Negotiations concern the sale of DTT channels TMC and NT1 to TF1 as well as AB’s TV content catalogue but exclude cable and satellite channels like RTL9.
The transaction would be paid partly in cash and in shares. Since October 2004, TF1 Group has owned 33.5% of AB Group and 40% of TMC.
As TF1’s main network is losing audience (down to 26.2% last February from over 30%) and ad revenues, the group is looking to strengthen its position in the growing DTT market.