01-08-2011

RTL Increases Stake in Hungarian Station

By FNE Staff

BUDAPEST: The German television group RTL has acquired an addition 31% of the shares of the Hungarian commercial station RTL Klub ( www.rtlklub.hu ), Following acquisition of the final 26% stake in its Croatian operator RTL Hrvatska (www.rtl.hr ) a few days earlier.

RTL now holds a 98% stake in the station, which is the market leader in Hungary, and 40% of the TV market in Hungary overall.

The Budapest Business Journal reports that RTL has also acquired seven Hungarian cable stations: Cool, Film+, Film+2, Reflektor, Prizma, Sorozat+ and Muzsika TV.