[ARealMothersSonForever]

FRANKFURT (Reuters) - RTL Group is buying out CNN's 50-percent share in German news channel n-tv, taking its stake to 100 percent, it said on Thursday. It declined to name a price for the transaction, which is subject to approval from cartel and media regulators. "N-tv is an important member of our family of complementary broadcasters," RTL said in a statement. "The planned step will give n-tv the necessary room for maneuver for the strategic challenges of the future." RTL, Europe's biggest TV broadcaster, has 32 television channels and 31 radio stations in 11 countries. They include M6 in France and Five in Britain. CNN, a division of global media conglomerate Time Warner Inc., became a shareholder in n-tv in 1993, a year after n-tv was launched. RTL and CNN have been 50-percent shareholders in n-tv since 2002. RTL says n-tv attracts more than 5 million viewers per day, around 6 percent of Germany's population. It has less than 1 percent of the German TV advertising market.

Selling off profitable foreign investments trying to keep afloat. Coupled with the old adage of "there is no such thing as bad press". The implications of this whole incident was poorly calculated.

[DoughtyOne]

Thanks. Others have stated that he overseas end of CNN was all that kept it afloat. It may not have much influence here, but the same left fringe slant probably turns a lot of foreigners against the U.S.

I'd like to see FoxNews compete for the airport news service. It gauls me to see CNN get that exclusive market.

[pepsionice]

N-TV in Germany hasn't exactly been a money-maker. I would make a guess that CNN just said they'd rather move on and sold at some kinda loss. German audiences are not exactly up on news networks and I doubt they improved on numbers over the past two years.