TF1 Group

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TF1 Group
Type French: Société Anonyme
Traded as EuronextTFI
Industry Media
Founded 1987
Headquarters Boulogne-Billancourt, France
Key people Nonce Paolini (Chairman and CEO)
Products Television broadcasting and production, websites, media investments
Revenue 2.622 billion (2010)[1]
Operating income €313.2 million (2010)[1]
Profit €228.3 million (2010)[1]
Total assets €3.325 billion (end 2010)[1]
Total equity €1.548 billion (end 2010)[1]
Owners Bouygues (43%)
Employees 3,800 (end 2010)[1]
Website www.groupe-tf1.fr

TF1 Group is a French media holding company (French: Groupe TF1), the owner of channel TF1, the largest European private TV channel, and Eurosport, the largest European sports network.

The group was formed after TF1 was privatised in 1987. It is controlled with a 43% stake by Bouygues, is quoted on Euronext Paris.

Operations[edit]

Television[edit]

TF1 Group owns or has a direct stake in the following television channels:

In June 2009 TF1 Group agreed to buy the NT1 channel from AB Groupe, as well as AB's 40% stake in TMC Monte Carlo (which would take TF1's total stake to 80%). The deal was cleared by France's competition authority and subsequently by the Council of State in December 2010, dismissing an appeal by Métropole Télévision.[2] As part of the same transaction the group raised its stake in WB Television to 49%.[3]

On 21 December 2012, Discovery Communications purchased a 20% stake in Eurosport from TF1 Group for €170m.[4] Discovery has the option to increase its stake to 51% in 2014. Should Discovery exercise its option, TF1 Group would have the ability to then exercise a put option over the remaining 49% that would see Discovery take full control.[5] Discovery also took a 20% share in TV Breizh, Histoire, Ushuaia TV and Stylia – for €14m, with the option of increasing its shareholding to 49% in each channel in 2014. Discovery and TF1's production arm will also work together on making programmes.

Other assets[edit]

The firm holds a number of other interests in the advertising, internet and publishing fields, including 34% of Metro International's operations in France.

References[edit]

  1. ^ a b c d e f "Annual Report 2010" (PDF). TF1 Group. Retrieved 4 May 2011. 
  2. ^ Le Galès, Yann; Renault, Enguérand (30 December 2010). "TF1 autorisée à racheter TMC et NT1". Le Figaro (in French). Retrieved 4 May 2011. 
  3. ^ Vidalon, Dominique; Jacobs, Caroline (28 May 2009). "TF1 in exclusive talks to buy digital TV assets". Reuters (Forbes). Retrieved 2009-09-19. 
  4. ^ "TF1 & Discovery Communications finalize agreement and move forward to build three-tier strategic alliance across Eurosport, four payTV channels and production" (Press release). TF1 Group. 2012-12-21. Retrieved 2013-01-23. 
  5. ^ "Discovery moves into sport with a 20% stake in Eurosport". The Guardian. 13 December 2012. 

External links[edit]