French pubcaster funding doesn't sit well

Union says decision is 'economically counterproductive'

PARIS -- France's private TV networks are up in arms over the government's decision to allocate 450 million euros ($657.75 million) to France Televisions to compensate for the removal of commercials from the public TV group's networks.

Private networks union the ACP, which includes pay TV group Canal Plus and terrestrial channels M6 and TF1, released a statement Thursday contesting the decision, which they termed "economically counterproductive."

The ACP holds that the removal of commercials on France Televisions' channels after 8 p.m. this January will only cost the public TV group 250 million euros ($346.22 million).
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