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French broadcaster TF1 to acquire part of AB assets
 

Indiantelevision.com Team

(18 April 2009 10:00 pm)

 

NEW DELHI: French broadcaster TF1 is in talks to buy selected assets from French media group AB.

TF1 presently owns 33.5 per cent of AB group and the two companies each own 40 per cent stake in TMC channel.

With this, TF1 would get stronger foothold in the digital terrestrial market especially at a time when its audience is declining due to increase in competition from the Internet and digital terrestrial channels.

Claude Berda owns majority of AB Groupe. Berda founded AB Productions with Jean-Luc Azoulay in 1977 and the two partners separated in 1999.

 
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