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RTL eyes Poland’s TVN

Leading European television group, RTL, a unit of Germany's Bertelsmann, is ready to spend more than €1 billion ($1.44 billion) for control of the Polish company TVN, press reports said Thursday.

RTL eyes Poland's TVN
Photo: DPA

The business daily Handelsblatt and the Frankfurter Allgemeine Zeitung

(FAZ) said RTL was in competition with US group Time Warner and Vivendi of France for a controlling stake in the Polish television network.

The FAZ said that Discovery Communications and media mogul Rupert Murdoch were also interested in bidding for a 56 percent holding being offered by TVN’s founders.

The reports said the race to take control of the Polish network was completely open and that a decision could come in the second half of September.

AFP/mry

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BUSINESS

Google News to return to Spain after seven-year spat

Google announced Wednesday the reopening of its news service in Spain next year after the country amended a law that imposed fees on aggregators such as the US tech giant for using publishers’ content.

Google News to return to Spain after seven-year spat
Google argues its news site drives readers to Spanish newspaper and magazine websites and thus helps them generate advertising revenue.Photo: Kenzo TRIBOUILLARD / AFP

The service closed in Spain in December 2014 after legislation passed requiring web platforms such as Google and Facebook to pay publishers to reproduce content from other websites, including links to their articles that describe a story’s content.

But on Tuesday the Spanish government approved a European Union copyright law that allows third-party online news platforms to negotiate directly with content providers regarding fees.

This means Google no longer has to pay a fee to Spain’s entire media industry and can instead negotiate fees with individual publishers.

Writing in a company blog post on Wednesday, Google Spain country manager Fuencisla Clemares welcomed the government move and announced that as a result “Google News will soon be available once again in Spain”.

“The new copyright law allows Spanish media outlets — big and small — to make their own decisions about how their content can be discovered and how they want to make money with that content,” she added.

“Over the coming months, we will be working with publishers to reach agreements which cover their rights under the new law.”

News outlets struggling with dwindling print subscriptions have long seethed at the failure of Google particularly to pay them a cut of the millions it makes from ads displayed alongside news stories.

Google argues its news site drives readers to newspaper and magazine websites and thus helps them generate advertising revenue and find new subscribers.

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