M6 proprietor below stress to promote the channel

M6 proprietor below stress to promote the channel

M6 owner under pressure to sell the channel

After the failure of the TF1-M6 merger, the Bertelsmann group needed to shortly get again on its ft to eliminate M6.

Hurry up. After months of efforts to reach uniting the 2 leaders of French tv, the homeowners of TF1 and M6 lastly threw within the towel final Friday within the face of anti-competitive necessities that they take into account incompatible with the venture. However M6 has no time to lament this disappointment and is already working to search out one other answer. An RTL spokesperson introduced in the present day we’ll meet with the M6 ​​administration crew and assess choices for the long run” in accordance with Reuters.

Certainly, the potential for promoting the channel has a deadline, set by French rules. A gaggle that owns a channel broadcasting on DTT is certainly prohibited from promoting through the 5 years following the renewal of its authorization to broadcast and for M6, this deadline is about for Might 6, 2023. Together with all the executive procedures, specifically the examination of Arcom and the submitting of a renewal of the frequency, every little thing must be put in place firstly of 2023. In any other case, Bertlelsmann must proceed to handle the channel for the 5 years following Might 6 earlier than take into account a sale once more.

For this, it is going to be essential to discover a new purchaser and several other candidates are already superior. These are fairly merely the previous candidates having been overtaken by Bouygues in 2021, even when others might come and check out their hand at taking on M6. Certainly, the M6 ​​inventory market value has misplaced greater than 25% of its worth since Might 2021 “and stopping the merging course of just isn’t going to reinvigorate the motion ” says a supply conversant in the matter.

Among the many former candidates was Daniel Kretinsky, a Czech billionaire who has not but invested an excessive amount of in French media to threat an excessive amount of opposition from a aggressive viewpoint. The Italian Mediaset, Vivendi and even Xavier Niel have been additionally within the channels. Nevertheless, it stays to be seen whether or not the latter might be candidates once more.

Supply: Le Figaro

This text was taken from the Univers FreeBox web site

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