A PYMNTS Company

France’s TF1 & M6 ‘Ready To Make Further Concessions

By  |  September 5, 2022

French broadcasters TF1 and M6 are ready to make further concessions to try to secure a regulatory green light for their planned merger, according to local press reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to financial daily Les Echos, the pair are ready to go further than the concessions they outlined earlier this month in an attempt to secure the approval of a sceptical competition watchdog.

    The August concessions included a promise to keep their advertising businesses separate for three years after their merger in an attempt to secure regulatory approval of the fusion

    The two broadcasters also reportedly offered to keep their radio advertising businesses separate, to limit the distribution of French films on the combined companies’ channels and to extend by one year their distribution agreements with service providers such as Canal+, Orange, Free and SFR, among other concessions.

    The move came after the Autorité de la Concurrence raised concerns about the impact of the merger in July. TF1 and M6 together will have an estimated 75% share of the French TV advertising market.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.