Economy | The CSA validates the acquisition of Azur TV by Altice

By La Provence (with AFP)

The Superior Audiovisual Council has given the green light to the takeover of the local channel Azur TV by the Altice group (parent company of BFMTV), according to a decision by the regulator taken at the end of March and published this Thursday in the Official Journal.

Altice announced in early February an agreement to acquire Azure TV, a private channel based in Nice, thus continuing its strategy of developing news channels in the regions.

Azur TV, created in 2013, has been controlled since 2019 by the Franco-Lebanese magnate Iskandar Safa, also owner of the weekly Valeurs Actuelles. The transfer of the channel was subject to the approval of the CSA.

In its decision, the regulator considered that this takeover was in the nails, and in particular that “the operation is not likely to compromise the priority imperative of pluralism and the public interest“. In addition, the CSA did not identify any violation of the anti-concentration rules.

This acquisition will strengthen BFM’s positions in the regions, where the all-info media is already present with six local channels (BFM Paris, BFM Lyon, BFM Grand Lille, BFM Grand Littoral, to which were added in March BFM DICI Haute- Provence and BFM DICI Alpes-du-Sud).

Source

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