RTL Group may be about to undertake an asset swap in Russia, exchanging its 30% stake in the broadcaster Ren TV for 7.5% in the National Media Group (NMG). Besides being the owner of the largest cable operator in Russia, the latter jointly owns Channel One, the country’s leading broadcaster, and Channel Five.
RTL Group has failed to gain a foothold in the lucrative Russian TV market despite its co-ownership of two key interests.
RTL Group may sell its 30% stake in the Russian TV station Ren TV, which it has held for the past five years.
WATCH VIDEO. RTL Group has announced that it has signed an agreement for the sale of Five Group (“Five”) to the Northern & Shell company owned by British publisher Richard Desmond. The deal has been closed with immediate effect.
Consumer electronics manufacturers have now ordered over one million smart cards for the German HD+ satellite platform, according to Stefan Vollmer, spokesperson for Astra Deutschland.
The German monopoly authority Bundeskartellamt has raided the offices of the country’s two main private broadcasters, the RTL Group and ProSiebenSat.1, probing their plans to encrypt their signals. The Kartellamt confirmed the raids, but declined to name the broadcasters involved. According to local reports, the action took place in the Cologne offices of RTL and […]
The RTL Group has said its revenue in 2009 was down 6.3% to €5,410 million as most TV advertising markets across Europe declined by double-digit rates. However, RTL Group’s investments in content production and diversification businesses helped to better balance its financial position.
Eutelsat’s KabelKiosk, Germany’s cable headend-in-the-sky, has announced the immediate launch of the RTL HD and Vox HD channels from Mediengruppe RTL Deutschland.