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RTL Group has decided to keep its controlling stake in Groupe M6. The decision follows a review of strategic options in which the company determined that the legal risks and uncertainties of a move like this were too high.

TF1 and M6 groups, the top two commercial networks of France, have decided to call off their plan to merge after being auditioned by the country’s anti-trust board.

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.

Thomas Rabe will be Chairman of the Management Board of RTL Deutschland, as Co-CEO Stephan Schäfer to step down from the Management Board. Andreas Fischer was named Chief Operating Officer.

RTL Group’s consolidated revenue increased 10.3% to €6,637 million (2020: €6,017 million), mainly due to strong growth of TV advertising revenue in the second, third, and fourth quarters of 2021; plus Fremantle and streaming businesses.