TV-Loonland Rival Buys Up 3 Percent Stake

[Josh]

Your Family Ent. has bought a three percent stake in German-based TV-Loonland.

Your Family issued a press release saying, "We are of the opinion, that after its restructuring TV-Loonland is an interesting investment. Content in the children and youth segment like the programmes of TV-Loonland are in Germany at the moment undervalued."

Simon Flamank, CEO of TV-Loonland said, "We welcome the fact that a competitor has chosen to make this financial investment. The managements of the two companies are on speaking terms with one another and we will be meeting in the coming weeks."

TV-Loonland this week became debt-free for the first time in seven years. Flamank has also announced he will be leaving the company soon.

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