The merger between the French tv channels TF1 and M6 won’t happen – rts.ch
The wedding will finally not happen: TF1 and M6 introduced Friday the abandonment of their merger venture, judging that it introduced “not any industrial logic”, a coup de theater after months of uncertainty.
The union between the primary and third channels of the French audiovisual panorama may have caused a behemoth, overtaking France TV, with greater than 30% of viewers share and representing three quarters of the tv promoting market.
However due to the concessions demanded by the Competitors Authority, specifically the sale of the TF1 channel or the M6 channel, the 4 events concerned have determined to place an finish to the venture.
Bouygues, RTL Group, TF1 and the M6 group thought-about that since “solely structural treatments regarding at the least the sale of the TF1 channel or the M6 channel could be corresponding to to permit the authorization of the operation, (… ) the venture not had any industrial logic”.
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Fairly unfavorable opinion
The Competitors Authority had carried out two days of hearings of the events within the merger, behind closed doorways at first of September, and was as a consequence of render its choice in mid-October. Its instruction companies had, throughout the hearings, reiterated their place of the top of July, which was somewhat unfavorable.
The audiovisual policeman, Arcom, for its half validated in early September the acquisition by the operator Altice of the TFX and M6 Era (6ter) channels, from which the TF1 and M6 teams needed to separate so as to have the ability to merge. This redemption was conditional on their marriage.
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