--German media group Bertelsmann--which houses Penguin Random House and RTL Group--seeks to revive an aborted merger between French broadcaster M6 and rival TF1, CEO Thomas Rabe tells The Financial Times.
-- The merger would create a French TV and streaming champion able to compete with the U.S. platforms, Rabe says to FT. French media firm Bouygues held a 46.1% of TF1 as of Dec. 31, while RTL Group has a 48.3% stake in Groupe M6, according to its website.
--French antitrust regulator rejected the deal in 2022, saying that the merger could create major competitive risks in the TV advertising market and that the combined company would need to sell one of its main channels to get approval, the FT says.
Full story: https://tinyurl.com/w3c8rpc3
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
April 22, 2025 08:45 ET (12:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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