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RTL may use cash to sweeten merger offer with Channel 4

论文作者:佚名论文属性:短文 essay登出时间:2009-04-20编辑:gcZhong点击率:1823

论文字数:1710论文编号:org200904201638237099语种:中文 Chinese地区:中国价格:免费论文

关键词:

RTL, the company behind Channel Five, is willing to consider sweetening its bid to merge with Channel 4 by offering a cash dowry to boost its share of an enlarged broadcaster. The idea has been conveyed to ministers, who are seriously considering only two options for the future of the state-owned broadcaster behind Big Brother and Slumdog Millionaire. A Channel 4-Five merger is seen as the only possible alternative to a partnership between Channel 4 and Worldwide, the BBC’s commercial subsidiary. Other options, such as funding Channel 4 by transferring money direct from the BBC, are set aside. Ministers are yet to have detailed talks with RTL as to how much money might be on offer — although the sum could exceed £100 million. Insiders said that RTL “can bring in assets in the form of cash as well as its British channels” to a tie-up. RTL’s problem is that it is likely to run up significant losses this year, with turnover expected to be 15 to 20 per cent down on last year’s £341 million — making it difficult to secure a large minority share in a tie-up. Channel 4 faces similar pressures, but with revenue at £945 million in 2007, the last figure publicly available, it is significantly larger. Cash from RTL, part of a pan-European group owned by Bertelsmann, of Germany, would help to boost its stake. Channel 4’s bosses are opposed to a Five merger, even on better terms, and if ministers want to pursue the Anglo-German deal, Luke Johnson, its chairman, and Andy Duncan, chief executive, are likely to resign. Channel 4 is continuing to talk to BBC Worldwide about combining the BBC DVD distribution and pay-television divisions with E4 and More4, the digital channels. Momentum behind those discussions has slowed recently and the revelation that RTL is to consider a cash sweetener could be an attempt to put pressure on Channel 4 and the BBC to reach agreement. Any cash from RTL could be used to support Channel 4’s own £140 million reserves or to fund a £350 million bid for the half of pay broadcaster UK TV that Virgin Media has put up for sale. 论文英语论文网提供整理,提供论文代写英语论文代写代写论文代写英语论文代写留学生论文代写英文论文留学生论文代写相关核心关键词搜索。

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