“Consolidation of the television industry is desirable. Faced with the power of American platforms, a French or European champion must emerge. ”
The position of Gilles Pélisson, CEO of the TF1 group, is very clear.
It was especially eagerly awaited by all the French audiovisual landscape since the sale of the M6-RTL group by its German shareholder Bertelsmann.
But the CEO had to immediately clarify that
"TF1 is not a target".
Read also:
TF1: net profit divided by nearly 3 to 55 million euros in 2020, return of the dividend
On the contrary, the group would rather be in a buying position, even
"if there are no negotiations in progress"
.
It must be said that the Bouygues group subsidiary has managed to get through this year 2020, strongly impacted by the pandemic, by greatly limiting the damage.
Faced with the crisis, the TF1 group had waived the payment of its dividend, which had enabled it not to deteriorate its financial structure.
As of December 31, the audiovisual group had a debt close to zero.
It is therefore well equipped to participate in acquisitions
This article is for subscribers only.
You have 75% left to discover.
Subscribe: 1 € the first month
Can be canceled at any time
I ENJOY IT
Already subscribed?
Log in
