ProSiebenSat.1 and RTL pay fines in the millions
The German TV group ProSiebenSat.1 is paying a 120 million euro fine in antitrust proceedings related to the marketing of advertising time. RTL has been ordered to pay 96 million euros in connection with the practices of the marketing agency IP Deutschland.
The German TV group ProSiebenSat.1 is to pay a fine of EUR 120 million in the antitrust proceedings concerning the marketing of advertising time. The Federal Cartel Office has thus ended its proceedings, as ProSiebenSat.1 announced on Friday. The broadcasting group will make a corresponding provision for the 2007 financial year, as reported by SDA. The broadcasting group will now apply a different model for the marketing of advertising time, which complies with antitrust law. This means that the company's objectives can still be achieved.
According to RTL Group, the Cartel Office imposed a fine of 96 million euros on RTL in connection with the practices of marketer IP Deutschland.
The Federal Cartel Office had ProSiebenSat.1 and IP Deutschland searched in June. The reason given for this was the "suspicion of abuse of a dominant market position and agreements restricting competition in the marketing of television advertising" (see
).
According to RTL Group, the Cartel Office imposed a fine of 96 million euros on RTL in connection with the practices of marketer IP Deutschland.
The Federal Cartel Office had ProSiebenSat.1 and IP Deutschland searched in June. The reason given for this was the "suspicion of abuse of a dominant market position and agreements restricting competition in the marketing of television advertising" (see
).
