Hit-Radio_Antenne_Niedersachsen RTL Radio Deutschland increases its stake in Hit-Radio Antenne Niedersachsen RTL Radio Deutschland is stocking up its current 36 per cent holding in the station to 49.9 per cent, the maximum currently allowed under Lower Saxon media law. This further enhances its position as the station’s largest single shareholder.
 
The Media Authority of Lower Saxony has already approved the purchase of shares from Teleconsult Planungs- and Beratungsgesellschaft für Kommunikationstechnologien mbH and Radio Madsack Niedersachsen GmbH & Co. KG. The approval of the station’s shareholder meeting, which is required for finalising the purchase, is expected towards the middle of June.

RTL Radio Deutschland CEO Gert Zimmer is pleased about the increased shareholding: “Hit-Radio Antenne is a very important member of our radio family. Intensified investment in the stations is a sign of our confidence both in the potential of radio in general and in the excellent prospects of the German state of Lower Saxony. In order to master the challenges ahead, radio stations need strong, strategically oriented shareholders who will make an active contribution to upholding opinion diversity by safeguarding the long-term competitiveness of the stations.”

Hit-Radio Antenne is one of Germany’s top radio stations. With a service area that extends to Lower Saxony, Bremen and Hamburg, it has a technical reach of around 10 million people, and attracts 2.6 million listeners a day.



10 May 2010 - RTL Radio Deutschland / Hit-Radio Antenne, Germany
RTL Radio Deutschland, Hit-Radio Antenne, Germany
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