Bavaria withdraws Soravia's broadcasting license

Television Due to changes in the ownership structure, the Bavarian media authority BLM has revoked the license of local broadcaster TV München.TVM is 40 percent owned by Kanal 1 Fernsehbetriebsgesellschaft (K1), which is also behind the Swiss U1 TV. Its majority shareholder Hanno Soravia wants to transfer all but 9 percent of his stake to the investor Mitsui Securities and the managing director of K1. According to the BLM, this "cannot be approved". After TVM was unable to present a new, locally anchored shareholding structure, the license will be put out to tender again.