RTL exits A holiday in greece

Published: Thu., Jan. 5, 2012, 11:58am PTBy Erectile dysfunction MEZA BERLIN Pan-European giant RTL Group introduced Thursday it's exiting A holiday in greece, stating the nation's ongoing economic worries. RTL is selling its 70% stake in Alpha Media Group, so it purchased from Dimitris Contominas in 2008 for 125.7 million ($185 million), to the Greek entrepreneur. The financial the new deal, susceptible to approval through the Greek Competition Commission but likely to near the coast the very first quarter of the season, weren't revealed. Contominas presently is the owner of 30% of Alpha, composed of countrywide funnel Alpha TV, and can again become sole owner. Alpha's management will stay in position and then oversee the funnel. RTL, acquired a big part stake within the group in 2008, and repositioned Alpha to some more youthful audience. Contominas stated, "Alpha has considerably enhanced its market position in the last 3 years. I regret that RTL Group is departing the Greek market, especially because of the accomplished development." RTL Boss Gerhard Zeiler stated, "Our local management team, brought by Boss Christoph Mainusch, been successful in growing the channel's rankings and cutting program costs. We're pleased to have discovered an answer that allows Alpha to carry on broadcasting." Contact the range newsroom at news@variety.com