2024-03-15 18:41:20
INVESTIGATION – The CEO of the shipowner CMA CGM will buy 100% of the capital of Altice Media, including the BFMTV news channel and RMC radio.
After having set foot in the press, Rodolphe Saadé has just made a big leap into the audiovisual sector. At 54, the CEO of the shipowner CMA CGM has just hung a prestigious trophy on his hunting board. He is preparing to buy 100% of the capital of Altice Media, which includes BFMTV and RMC, from Patrick Drahi. Amount of the transaction: 1.55 billion euros in cash.
Fifth fortune in France, reputed to be close to President Emmanuel Macron with whom he communicates regularly, the businessman bought at a high price a unique opportunity to influence the French landscape of ideas and the public debate. The Franco-Lebanese businessman notably offers RMC radio and five national channels (RMC Story, RMC Découverte, etc.), including BFMTV, the first continuous news channel in France.
And, to date, the only one that is profitable since LCI and CNews are still in deficit. « Rodolphe Saadé has a lot of money and liquidity, he arrives in a sector, audiovisual, which is very challenged…
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