After weeks of speculation, France Télévisions, M6 and TF1 groups officially announced their decision to close their joint venture streaming platform Salto.
Only two years after its launch, French streaming platform Salto could be shuttered as early as the end of this week, as it failed to secure a substantial subscriber base.
German media group Bertelsmann has put its French television business M6 up for sale after the competition regulator blocked plans for a merger with TF1.
TF1 and M6 have offered to keep their advertising businesses separate for three years after their merger in an attempt to secure regulatory approval of the fusion.