Advanced Television

Bertelsmann considers sale of RTL stake

August 31, 2008

In the first six months of the year, Bertelsmann saw operating earnings before interest and taxes fall 7.8 per cent to E681 million. The company said economic woes would also drag full-year operating numbers below last year's. Bertelsmann owns 90.3 per cent of RTL and long eyed buying out minorities to gain full control, making the sale of individual TV assets much easier. But Luxembourg authorities blocked a last attempt in December.

Categories: Articles, Broadcast