TF1 and M6 groups, France’s top two commercial networks, have abandoned their plans to merge after being auditioned by France’s anti-trust board.
“Following the debates with the Authority and despite the additional remedies proposed, it appears that only structural remedies involving at the very least the divestment of the TF1 TV channel or of the M6 TV channel would be sufficient to approve the proposed merger,” said the companies in a joint release.
More to come.
