Groupe TF1

TF1 Group is a French media holding company. Its best-known property is the broadcast network TF1. The group was formed after TF1 was privatized in April 1987. It is controlled with a 43% stake by Bouygues, and is quoted on Euronext Paris. History The history of TF1 traces back to 1975, when the Office de Radiodiffusion-Télévision Française (ORTF) was split into 7 successor institutions. To provide competition for Canal+, La Cinq and M6, the French government decided to privatize TF1 in April 1987. Since then, it has been controlled by the Bouygues conglomerate after its privatization. In June 2009, TF1 Group agreed to buy the NT1 channel from AB Groupe, as well as AB's 40% stake in TMC Monte Carlo (which would take TF1's total stake to 80%). The deal was cleared by France's competition authority and subsequently by the Council of State in December 2010, dismissing an appeal by Métropole Télévision. As part of the same transaction, the group raised its stake in WB Television to 49%.