Maxwell To Sell TF1 Shares

British media magnate Robert Maxwell last week confirmed intentions to sell his 12% stake in France’s leading private tv network TF1, rekindling speculation that a shareholder shakeup could be coming. Maxwell first announced that he wanted to pull out of TF1 back on Oct. 3. The move was seen as being part of a regrouping in the face of Maxwell Communication Corp.’s heavy debt commitments.

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