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The prices of M6 and TF1 drop on the Paris Stock Exchange. (Illustrative photo)
MEDIA – The announcement of the dissolution of the National Assembly has consequences in the media landscape. The shares of TF1 (-5.86%) and M6 (-2.97%) fell on the Paris Stock Exchange this Tuesday, June 11 at the beginning of the afternoon, after the National Rally, leading the polls for the early legislative elections, reiterated the day before that he was still considering privatizing French public broadcasting.
“This would naturally be very negative for private actors. The French market would not be able to absorb such an increase in competition”explain Oddo BHF analysts in a note.
“This would increase competition in the advertising market, unable to absorb the arrival of one or more new players”they add, emphasizing that “the market situation could make total privatization impossible”.
Audiovisual reform suspended
This Monday, the future ex-RN deputy Sébastien Chenu confirmed on BFMTV that the “ privatization of public broadcasting » was still on his party’s program to enable France to pay off part of its debt as quickly as possible. “Could you do it real quick?” » asked journalist Apolline de Malherbe. “ This is not done in two weeks, but over the course of a mandate “, he assured her.
This measure was announced during Marine Le Pen’s presidential campaign in 2022, to “ immediately return 2.8 billion in royalties ” to the French. However, she planned to keep “ Overseas audiovisual media »the Franco-German channel Arte, and the National Audiovisual Institute (INA).
The privatization of public broadcasting could become a reality if the National Rally manages to win in Matignon thanks to the anticipated legislative elections. The announcement by Emmanuel Macron of the dissolution of the National Assembly this Sunday also had the immediate effect of suspending all work in progress in the hemicycle, and in particular that of the merger in 2026 of France Télévisions and Radio France, reform defended by the current government and its Minister of Culture, Rachida Dati.
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