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☆ World Cup advertisers are operating in a minefield
▼ + stars: | 2022-11-22 | by ( Julia Horowitz | ) edition.cnn.com time to read: +5 min

London CNN Business —Billions of people watch FIFA’s World Cup every four years, a tantalizing opportunity for advertisers who want to capitalize on the feel-good fervor of the world’s biggest sporting event. In 2018, the World Cup drew in a record 3.6 billion viewers. Given such high levels of engagement, companies are eager to capitalize on the hype and spirit of camaraderie attached to the World Cup. “A Euros or a World Cup for four weeks in the middle of the summer — it’s literally like an island in the middle of the ocean,” ITV sales director Mark Trindler said on an industry podcast this past spring. It had already beaten revenue records for the tournament, and succeeded in bringing more than 20 new advertisers on board.

☆ UK will not take action over Czech mogul's plan to raise Royal Mail stake
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

Oct 31 (Reuters) - Britain is no longer intervening in Czech billionaire Daniel Kretinsky's plan to increase his stake in Royal Mail parent International Distributions Services (IDSI.L), sending the company's shares up more than 7% on Monday. In August, Royal Mail said it had been notified by then business minister Kwasi Kwarteng that he was exercising powers to look into proposals by Kretinsky's vehicle, Vesa Equity Investment, under the National Security and Investment Act. The Royal Mail review came days after the government decided not to take action over billionaire Patrick Drahi's stake in telecoms firm BT (BT.L). Vesa, Royal Mail's biggest shareholder which is ultimately controlled by Kretinsky and his business partner Patrik Tkac, in August said it had voluntarily contacted the government to inform them of its intention to increase its stake in Royal Mail, which is currently just over 22%. "Vesa Equity Investment welcomes the decision ... and reiterate our commitment to continuing long term investment presence in the U.K., including our partnership with Royal Mail," a spokesperson said.

☆ French government likely to use special powers to pass 2023 budget bill, prime minister says
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: 1 min

PARIS, Oct 16 (Reuters) - The French government is set to pass the 2023 budget bill using special constitutional powers that would allow it to bypass a vote in parliament, Prime Minister Elisabeth Borne said on Sunday. The government will likely use the procedure, under article 49.3 of the constitution, Borne said in an interview on French TV channel TF1, without specifying a date but ruling out its use on Monday. "We will probably have to use the 49.3, but... it won't be tomorrow." Opposition parties would be likely respond with a motion of no confidence, which would likely fail but would nonetheless be damaging as the government seeks to build bridges for a planned pension reform. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mathieu Rosemain; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.

☆ Courbit-led group offers 20 euros a share for M6 stake - Bloomberg News
▼ + stars: | 2022-09-25 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: A view shows French television group M6 headquarters in Neuilly-sur-Seine, near Paris, France, May 21, 2021. REUTERS/Sarah Meyssonnier/File Photo(Reuters) - French media mogul Stephane Courbit and his investor partners are said to have offered 20 euros ($19) a share for Bertelsmann SE & Co.’s stake in television company Groupe M6, Bloomberg News reported on Sunday. The offer is a 39% premium to Friday’s closing price of 14.43 euros per share, and values the 48% stake around 1.22 billion euros. Czech billionaire Daniel Kretinsky also made an offer for the stake, the report said, citing a person familiar with the matter. In March 2021, when Bertelsmann confirmed talks to sell its stake, French media reported that RTL’s stake was worth 1.5 billion euros ($1.48 billion), valuing all of M6 at about 3 billion euros.

☆ Courbit-led group offers 20 euros a share for M6 stake, Bloomberg reports
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterA view shows French television group M6 headquarters in Neuilly-sur-Seine, near Paris, France, May 21, 2021. The offer is a 39% premium to Friday's closing price of 14.43 euros per share, and values the 48% stake around 1.22 billion euros. Register now for FREE unlimited access to Reuters.com RegisterReuters could not immediately reach Courbit for comment. In March 2021, when Bertelsmann confirmed talks to sell its stake, French media reported that RTL's stake was worth 1.5 billion euros ($1.48 billion), valuing all of M6 at about 3 billion euros. ($1 = 1.0320 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ MFE teams up with French partner to bid for TV company M6
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA view shows French television group M6 headquarters in Neuilly-sur-Seine, near Paris, France, May 21, 2021. REUTERS/Sarah MeyssonnierMILAN, Sept 23 (Reuters) - Italian broadcaster MediaForEurope (MFEB.MI) has submitted a non-binding offer for a controlling stake in French TV company M6 (MMTP.PA), two sources familiar with the matter said on Friday. Milan-listed MFE, owned by the family for former Italian prime minister Silvio Berlusconi, has teamed up with a French industrial partner which is not currently present in the TV sector, the sources said, without elaborating. Initial offers for RTL's 48.3% stake in M6 were expected by Friday afternoon after a planned tie-up between the company and fellow French broadcaster TF1 collapsed last week. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elvira Pollina, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

BERLIN/FRANKFURT, Sept 22 (Reuters) - Initial offers for RTL's 48% stake in French TV channel M6 are expected by Friday after a failed tie-up with France's TF1 broadcaster, a person familiar with the matter said. RTL has been "inundated" with expressions of interest in the M6 stake since TF1 and M6 called off their planned merger last week, its boss Thomas Rabe told the Financial Times on Thursday. Other potential buyers include French media group Vivendi (VIV.PA) and Altice, owned by billionaire Patrick Drahi, alongside Italian media conglomerate MediaForEurope (MFE), Reuters reported on Monday. If RTL wants to sell M6, a deal must be completed by spring 2023, because M6's broadcasting license comes up for renewal in May. In March 2021, when Bertelsmann confirmed talks to sell its stake, French media reported the RTL's stake was worth 1.5 billion euros ($1.48 billion), valuing all of M6 at around 3 billion euros.

PARIS/MILAN, Sept 19 (Reuters) - The collapse of a deal to form a French TV giant to challenge U.S. streaming services such as Netflix (NFLX.O) knocked shares in M6 Group (MMTP.PA) and TF1 (TFFP.PA) on Monday. France's two biggest private broadcasters gave up their merger plan on Friday citing French antitrust requirements that rendered the deal unworkable. read moreRegister now for FREE unlimited access to Reuters.com Register"It is extremely disappointing, it shows the incapacity in France of pushing a unifying project to create a French media champion," said Mikael Jacoby, head of continental trading at Oddo Securities. At 1424 GMT, TF1 shares were down 3.3% and shares in M6 were 3% lower. "Hedge funds don't want exposure to the advertising sector, people are very worried about next year," a merger arbitrage analyst said.

☆ Collapsed French merger sends bad TV signal
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Logos of French television networks TF1 and LCI are seen at the Boulogne-Billancourt headquarters, near Paris, France, April 18, 2016. REUTERS/Charles PlatiauMILAN, Sept 19 (Reuters Breakingviews) - A French attempt to join forces against video streaming giant Netflix (NFLX.O) has fallen flat. “Top Chef” channel M6 (MMTP.PA), controlled by Germany’s RTL (AUDK.LU), and Bouygues-backed (BOUY.PA) rival TF1 (TFFP.PA) announced in May 2021 they were planning a merger. With 3.4 billion euros of combined revenue, the tie-up was meant to create a French TV leader. The failed merger is a bad signal for European broadcasters.

☆ France leads European shares lower in mega week for central banks
▼ + stars: | 2022-09-19 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

The pan-European STOXX 600 index (.STOXX) traded 0.7% lower, while France's CAC 40 index (.FCHI) dropped 1.3%. Shares in TF1 (TFFP.PA) fell 3.2% and M6 (MMTP.PA) declined 4.5% after merger plans between the French TV companies collapsed, as they noted antitrust requests had made the deal irrelevant. Most market participants expect the U.S. central bank to deliver a third straight 75 basis point hike. "Investors seem to be worried about the upcoming central bank meetings," said Patrick Armstrong, chief investment officer at Plurimi Wealth. European markets closed their worst weekly performance in three months on Friday on escalating recession worries amid aggressive central bank tightening.

☆ Un fermier belgian a mutat din greșeală granița cu Franța: „A făcut Belgia mai mare și Franța mai mică”
▼ + stars: | 2021-05-04 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

În loc să provoace o revoltă internațională, incidentul a fost întâmpinat cu zâmbete pe ambele părți ale frontierei, scrie digi24. Un localnic pasionat de istorie mergea prin pădure şi a observat că piatra care marca graniţa dintre cele două ţări a fost mutată 2,29 de metri. „A făcut Belgia mai mare şi Franţa mai mică, nu e o idee bună”, a declarat David Lavaux, primarul satului Erquelinnes, pentru TF1. Dar primarul din Bousignies-sur-Roc nu a fost de acord”, a glumit edilul belgian. Piatra datează din 1819, când granița a fost marcată pentru prima dată.

Persons: David Lavaux, Napoleon, Fermierul Organizations: TF1 Locations: Belgia, ţării, Franţa, Aurélie, graniţă, Waterloo, belgian, belgiană

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