Type GmbH & Co. KG Revenue €286 million (2015) Website www.tmg.de Headquarters Munich, Germany | Industry Media Operating income Founded 27 April 1970 | |
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Key people Herbert G. Kloiber
Herbert L. Kloiber Subsidiaries Odeon Film, ATV News, CineMedia Film | ||
Tele m nchen gruppe
The Tele München Gruppe (TMG) is a media company based in Munich.
Contents
The activities of the TMG include trade in licenses, investments in television and radio stations and distribution and production of television films and movies. TMG has one of the largest film libraries in Europe.
History
The Tele München GmbH was founded on April 27, 1970 by author and producer Walter Ulbrich. It was purchased in 1977 by Herbert Kloiber and his business partner Fritz Buttenstedt. In 1980 the Concorde Filmverleih (Concorde film distribution) was founded and a year later, in 1981, the company acquired along with the cinema operator Hans-Joachim Flebbe several movie theaters in Hamburg, Berlin and Braunschweig.
1985 TMG was partner at the television station Sat.1, but after a year sold its shares, and started the TV station musicbox. In the same year TMG took over the Munich private radio station Radio Xanadu, which was later renamed to Radio Energy.
In 1987, Silvio Berlusconi’s company Fininvest acquired 50 percent of musicbox. This was the basis for the channel Tele 5. In 1988, Axel Springer Publishing House and CLT became partner at TMG. In 1989, 50 percent from the company were sold to Capital Cities / ABC.
1991 TMG sold its shares in Tele 5 to the Axel Springer Publishing House and in 1992 founded together with CLT, Bertelsmann and Bauer Media Group the TV channel RTL II. In 1995, the television station Tm3 was founded by TMG and the Bauer Media Group.
In 1996, Herbert Kloiber bought back the TMG shares from Capital Cities / ABC, and took over the shares of Bauer Media Group on Tm3. In 1997, TMG participated in the Hungarian private broadcaster TV2.
In 1998, Rupert Murdoch's company News Corporation took over 66 percent of Tm3 and two years later, in 2000, took over Tm3 completely.
On 28 April 2002, the channel Tele 5 was restarted by TMG.