RTL and NMG set for asset swap

German broadcast group RTL is in talks with Russia’s National Media Group (NMG) that could see assets being swapped in order for the latter to increase its presence in Russia, according to a report in business daily Kommersant.

If the deal goes ahead, NMG would take RTL’s 30% stake in local channel Ren TV giving it full ownership. RTL would get a 7.5% stake in NMG. An NMG spokesperson did not deny the report, according to Reuters. 
NMG is one of the largest private media holdings in Russia, with assets including Ren TV, St Petersburg TV, Channel One and national newspaper Izvestiya.