Franklin advises Next Radio TV on its acquisition of TV channel TLM
Franklin has advised Next Radio TV (Altice France) on acquiring Société Anonyme Lyonnaise de Télévision (SALT), which owns and operates Lyon’s local DTTV channel TLM.
The deal is subject to approval by the French media watchdog and is expected to close by the end of 2018. TLM will then become BFM Lyon (or BFM Lyon Métropole).
With this new acquisition, Altice confirms its content strategy, its focus on quality news, and its support to local communities. The Group continues to expand and pursue its goal of creating a network of top-tier local channels.
Franklin’s corporate M&A team was composed of partner Kai Völpel and associate Justine Langer.
The sellers were advised by Michel Mallet-Guy, a partner at Jakubowicz Mallet-Guy Associés.