TF1 Secures Extension for Channels Deal

BOULOGNE: TF1 has received an extension from the French competition authorities to gain the approval for its acquisition of the digital channels TMC and NT1.

TF1 is seeking regulatory clearance to acquire 40 percent of TMC (bringing its stake to 80 percent) and all of NT1 from the AB Group for 192 million euros. The French competition authority will now deliver its ruling on January 26, instead of on December 28.

The deal is part of TF1’s efforts to strengthen its position in the DTT market; TMC and NT1 are ranked first and fifth, respectively, among free DTT channels.