RTL Takes Majority Stake in Alpha Media

BERLIN,
December 10: RTL
Group has acquired a 66.6-percent stake in the Alpha Media Group, Greece's third-largest
broadcaster.

RTL
Group and Dimitris Contominas, the current owner of Alpha Media Group, have
named Rick Spinner as the new CEO of Alpha Media Group, effective upon closing.
Spinner will also become a member of the Board of Directors of Alpha Media
Group. Previously, he served as the president of European operations for
Capital Cities/ABC-Television, and worked for RTL Group in Belgium, Croatia,
Germany, the Netherlands and Russia.

Gerhard Zeiler, the CEO of RTL Group,
said: "Rick Spinner has been working as consultant and on-site
troubleshooter for RTL Group in various countries in the past. He is hands-on
and most experienced in leading TV companies in the United States as well as in
Europe. He is a great choice to lead Alpha Media Group through the challenging
time ahead."

Contominas,
who will become the chairman of the Alpha Media Group Board of Directors,
added: "It is a great pleasure to welcome Mr. Rick Spinner to Alpha Media
Group. His extensive knowledge of the broadcasting industry will be a great
asset for Alpha Media Group."

—By
Kristin Brzoznowski