Der Spiegel magazine said Bertelsmann, along with France's Havas SA media concern and pay-television company Canal Plus SA, was looking to buy a controlling interest in CLT from Belgium's Groupe Bruxelles Lambert SA.
According to the magazine, Bertelsmann's supervisory board earmarked 1 billion Deutsche marks ($690 million) Dec. 1 for the purchase while its French partners each set aside 1 billion marks.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.