The Spanish Competition Authority clears the acquisition of sole control of a rival TV channel subject to remedies (TV Channel Cuatro / Telecinco)

On 28 October 2010, after a long and complex process, the Council of the National Competition Commission ("the NCC") authorised the acquisition by the TV operator Gestevisión Telecinco, S.A. ("Telecinco") of sole control of rival TV channel Cuatro in a decision that has had an important impact on the audiovisual sector in Spain (hereinafter, the «Cuatro Transaction»). The Cuatro Transaction represents the largest merger of open air TV channels in Spain. The introduction of the Terrestrial Digital TV ("TDT") technology in April 2010, coupled with the disappearance of analogue technology, has triggered a wave of changes in the Spanish audiovisual sector. Two of the other two largest private TV channels,Antena 3 andLa Sexta, started negotiations for a potential merger in 2009. However,

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Casto Gonzalez-Paramo, Sara Salvador, The Spanish Competition Authority clears the acquisition of sole control of a rival TV channel subject to remedies (TV Channel Cuatro / Telecinco), 28 October 2010, e-Competitions Bulletin October 2010, Art. N° 34251

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