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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.