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The World: Moscow - RTL to take 49 per cent stake in Russia's Ren TV.(Brief Article)

Campaign

| May 06, 2005 | COPYRIGHT 2005 Haymarket Business Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The RTL Group, part of the Bertelsmann media empire, is set to buy a 49 per cent share of Ren TV, the Russian TV channel, for 100 million.

The TV provider, which had a turnover of 77 million in 2004, has a 7.5 per cent share of the Russian television advertising market and is available in 725 regions.

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