RTL Hungary unit receives go-ahead to acquire IKO media group
The Media Council of the National Media and Infocommunications Authority (NMHH) gave preliminary approval on Wednesday for the merger of Magyar RTL Televízió and the IKO group, the spokesperson's office of NMHH told MTI.
Magyar RTL Televízió had asked for the approval of the Media Council for the acquisition of two media enterprises, IKO Televisions and IKO Romania. With the merger, RTL would obtain ownership rights to seven entertainment-television channels, one Hungarian (Muzsika Tv) and six foreign-based (Cool Tv, Sorozat+, Reflektor TV, Prizma TV, Film+ és Film+2).
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.