France Deals Review

France · Competition

Why the CMA CGM and Altice Media deal carried local advertising rules

France's competition authority cleared CMA CGM's purchase of Altice Media in June 2024. It required a five-year package of commitments covering overlapping local television and newspaper advertising in Provence.

Sources checked

Trace the review from agreement to local commitmentsCMA CGM and Altice Media review and remedy record
  1. 01
    Agreement

    15 March 2024 · A memorandum formalised the proposed acquisition. Source 2

  2. 02
    Notification

    13 May 2024 · The authority received the transaction filing. Source 1

  3. 03
    Conditional clearance

    28 June 2024 · The authority cleared the deal following its phase one review. Source 1

  4. 04
    Advertising separation

    Five years · Keep La Provence and BFM PACA advertising departments separate and train staff on commitments. Source 1

  5. 05
    Sales conditions

    Five years · Prohibit combining sales of advertising space across La Provence and the covered channels. Source 1

The deal combined an existing regional newspaper group with four overlapping local TV channels.

Source 1 Source 2

The review covered ownership of a mixed media portfolio

CMA CGM already published La Provence, Corse Matin and La Tribune titles. Altice Media operated national TV, local television and radio services. The acquisition excluded the pay-TV channels RMC Sport 1 and 2. Source 1

The competition concern was geographically specific

The authority identified an overlap between La Provence and the broadcast areas of BFM Marseille, BFM DICI, BFM Nice and BFM Toulon. It found that combined advertising offers could divert spend from competing local newspapers and weaken their ability to remain in the market. Source 1

Commitments addressed sales practices and staff separation

CMA CGM agreed to prevent direct and indirect combinations of advertising space sales across the covered outlets. It also agreed to keep the advertising departments separate and train relevant employees, addressing both offer design and how offers were sold. Source 1 Source 2

The deal proceeded after a first-phase review

The authority accepted the five-year commitments and cleared the acquisition following phase one. Its summary also identified oversight of CMA CGM's representation on Métropole Télévision's supervisory board to protect commercially sensitive information. Source 1

Sources

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