Deal approved - Rick Spinner new CEO of Alpha Media Group
Luxembourg/Athens, 10 December 2008 - RTL Group and Dimitris Contominas, current owner of Alpha Media Group, today announced that the Greek Competition Commission has approved RTL Group’s acquisition of a 66.6 per cent majority stake in Alpha Media Group. The parties’ agreement on the transaction had been announced previously on 23 September 2008. Both parties intend to close the transaction before Christmas.
RTL Group and Dimitris Contominas determined that Rick Spinner will be appointed the new Chief Executive Officer (CEO) of Alpha Media Group, effective upon closing. Mr. Spinner will also be appointed to become a member of the Board of Directors of Alpha Media Group.
Gerhard Zeiler, CEO of RTL Group, said: "Rick Spinner has been working as consultant and on-site troubleshooter for RTL Group in various countries in the past. He is hands-on and most experienced in leading TV companies in the United States as well as in Europe. He is a great choice to lead Alpha Media Group through the challenging time ahead."
Dimitris Contominas, who will become the Chairman of the Alpha Media Group Board of Directors: "It is a great pleasure to welcome Mr. Rick Spinner to Alpha Media Group. His extensive knowledge of the broadcasting industry will be a great asset for Alpha Media Group."
Rick Spinner is a US citizen, who has been in the senior management for ABC for many years. From 1993 to 1997 he served as President, European Operations, Capital Cities-ABC-Television. From 1999 on, he worked for RTL Group in Belgium, Croatia, Germany, the Netherlands and in Russia. Beyond that, he has been advisor for TVA Brazil, worked for Triangle Publications, and founded Capacities International Broadcast Management.
For further enquiries please contact:
Phone: +352 - 2486 - 5200
About RTL Group
RTL Group is the leading European entertainment network, with interests in 43 television channels and 31 radio stations in ten countries and content production throughout the world. The television portfolio of Europe’s largest broadcaster includes RTL Television in Germany, M6 in France, Five in the UK, the RTL channels in the Netherlands, Belgium, Luxembourg, Croatia and Hungary, Ren TV in Russia and Antena 3 in Spain. RTL Group’s flagship radio station is RTL in France, and it also owns or has interests in other stations in France, Germany, Belgium, the Netherlands, Spain and Luxembourg. RTL Group's content production arm, FremantleMedia, is one of the largest international producers outside the US. Each year, it produces more than 10,000 hours of programming across 55 countries.