TF1 to buy AB Group?

According to business daily La Tribune, TF1 Group is looking at taking over broadcaster the AB Group.

France’s leading broadcaster and TV group TF1 already owns 33.5% of AB Group, including a 40% stake in leading DTT channel TMC. TF1, eager to strengthen its position on DTT, would be motivated by fully owning TMC, which reached 2.3% national audience share in 2008.

AB Group is the operator of several free and pay-TV channels such as TMC, NT1, RTL 9 but also AB3 and AB4 in Belgium. Claude Berda’s group also owns a library of 1,300 French-speaking programming titles, that represent around 37,000 hours.

For now, TF1 has denied the news. No concrete talks would be taking place.