Following the decision to combine RTL Deutschland and Gruner + Jahr as of January 1st 2022, RTL Group has announced changes to the management of RTL Deutschland. Effective immediately, Matthias Dang and Stephan Schäfer will take over the leadership of RTL Deutschland as co-CEOs. The former CEO of RTL Deutschland, Bernd Reichart, will leave RTL […]
RTL Group is selling its US ad-tech business SpotX to Los Angeles-based sell-side advertising platform Magnite. The transaction is subject to receipt of regulatory approvals and is expected to close in Q2. The purchase price consists of €468 million in cash and 14.0 million shares of Magnite stock. The agreement implies an enterprise value (100 […]
RTL Group has completed the sale of its entire shareholding in Vancouver-based BroadbandTV to BBTV Holdings for €102 million (C$158.8million). RTL Group says the sale is consistent with its three-priority strategy –core, growth, alliances & partnerships –which includes continuously reviewing the Group’s portfolio and growing its European digital assets in the areas of streaming, advertising […]