French Media Giant TF1's 2024 Earnings And The Plan To Acquire ITV

2025-01-20 08:00:00 ET

Summary

• TF1 is a "buy" due to its historically attractive valuation, promising total return potential, and well-covered, gradually increasing dividend.
• European broadcasters face unique challenges, but low stock prices may present bargain opportunities for investors seeking dividend yield and capital gains.
• A potential TF1 takeover of ITV could offer strategic advantages, but also has risks, including overpaying.
• TF1's 2024 earnings release on February 13th, 2025, provides more insights into performance and potential capital gains. If there are no surprises, investors benefit from TF1's attractive dividend as usual.

TF1 as a suitor of ITV

In the second half of 2024, I wrote a series of Seeking Alpha articles about five European broadcasters with a listing in Europe and on a US exchange. Télévision Française 1 (TVFCF), TF1 for short, was one of them. The others were about TF1's peers in Spain, Germany, and the UK.

It so happened that soon after I finished the fifth and final article of the series, which was about the UK broadcaster ITV, there appeared takeover rumors in the press about TF1 preparing a takeover bid for ITV. A bid hasn't been made public yet, but it could well be made public in the course of 2025. We'll have a look at what such a bid entails further in this article....

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