RTL buys stake in Hungary's RTL Klub
German RTL group has bought 31% of the shares of RTL Klub, Hungary’s leading commercial television channel, raising its holding to in the Hungarian commercial channel to 98%.
RTL said it also bought seven other Hungarian cable channels such as Cool TV and Film+, online news portal Index reported.
Behind RTL and TV2, Cool is often the third most watched channel among the 18-49 age group, Index added. By the acquisition, RTL now owns 40% of Hungary’s television market.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.