INTELLIGENCE
Cable and telecom investor Altice has taken a 50.42% stake in French media group NextRadioTV, owner of the BFMTV news channel, entertainment service RMC Découverte and related radio services, in partnership with NextRadioTV founder Alain Weill.
The move, which follows approval by French media regulator the CSA, sees Groupe News Participation, a joint enterprise in which Altice holds a 49% stake and Weill holds the 51% majority share, take a majority 50.42% stake in NextRadioTV. The acquisition will be followed by a public offering in mid-December to acquire the remaining shares in the group.
Altice will retain an option to take control of the TV and radio group as of March 2019.
The project, which was initially unveiled in July, will see Weill participate in Altice’s management as managing director of Altice Media, responsible for the group’s media activities.
ICYMI: Mediaset: no last-minute resolution to Vivendi dispute digitaltveurope.com/2021/04/16/med…
16 April 2021 @ 20:02:00 UTC
ICYMI: Amazon Prime at 200 million subscribers digitaltveurope.com/2021/04/16/ama… https://t.co/inpIBZ0Kkn
16 April 2021 @ 19:00:00 UTC
ICYMI: #Olympics could be cancelled, admits Japan state official digitaltveurope.com/2021/04/16/oly… https://t.co/NSleQqZoQ1
16 April 2021 @ 18:32:00 UTC
Register for @HarmonicInc's online discussion "Advanced Techniques to Optimize HDR Production and Delivery" on Apri… twitter.com/i/web/status/1…
16 April 2021 @ 17:44:29 UTC
Orange France launches mesh Wi-Fi repeater digitaltveurope.com/2021/04/16/ora… https://t.co/6nY9CVh3sy
16 April 2021 @ 17:30:00 UTC
