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RTL Rtl Group

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Share Name Share Symbol Market Type Share ISIN Share Description
Rtl Group LSE:RTL London Ordinary Share LU0061462528 ORD SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Disposal

21/12/2001 7:45am

UK Regulatory


RNS Number:0864P
RTL Group
21 December 2001


          RTL Group sells Polish TV station RTL 7 to media group ITI


Luxembourg, 21 December 2001. - CLT-UFA, a subsidiary of Europe's leading
broadcaster RTL Group, today announces the sale of its Polish TV station RTL 7
to the media and entertainment group ITI, a majority shareholder of the Polish
commercial TV station TVN. Under the terms of the deal, ITI acquires RTL 7,
its formats, its current film library and its satellite transponder
obligations with Eutelsat. ITI plans to rebrand RTL 7 as a second TVN channel
by March and has applied to the Polish Broadcasting and Media Council for a
satellite-broadcasting license. The exact launch date and program will be
announced shortly.


RTL Group's Chief Executive Officer Didier Bellens commented: "The disposal of
RTL 7 is part of an ongoing portfolio review within RTL Group. We continue to
focus on our strong core businesses while reviewing loss-making activities. By
securing the deal with ITI we meet our satellite transponder obligations with
Eutelsat."

After examining the prospects for RTL 7, RTL Group concluded that due to the
limited technical reach of the channel it is unlikely to move into profit in
the near term. RTL 7 reaches 49% of Polish households. It had an average
audience share of 2.8% in 2001 (16 to 49, January - November) and an
advertising market share of 2.3% in 2000. It made losses of Euro 16.6 million
in 2000. RTL 7 was launched in 1996 and is broadcast by satellite under a
Luxembourg license, held by RTL Group's subsidiary CLT-UFA. ITI is listed on
the Luxembourg stock exchange (ITIH.LU).


Contact:

RTL Group                              Finsbury

Markus Payer                           Julius Duncan

+ 352 421 42 5020                      + 44 207 251 3801

markus.payer@rtlgroup.com              Julius.Duncan@finsbury.com



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