TF1, meanwhile, gets FFr1.7 billion in revenue from advertising spots around the weather report.
French TF1 television said turnout hit a record low, with 55.6% of the electorate choosing not to vote.
TF1, the most popular television channel, are friends with Mr Sarkozy and were witnesses at his now-defunct marriage.
The head of the production company, TF1 Production, said the decision would cause upheaval for TV reality shows.
It was presented by two French TV anchors, Laurence Ferrari of TF1 and David Pujadas of France 2.
The head of TF1, Nonce Paolini, described Dr Costa's death as a tragedy.
TF1, the station airing the show, to nip out to attend council sessions.
The new Cyber-shot TF1 model has a 16.1 MP Super HAD CCD sensor with a 4x optical Sony zoom lens.
ENGADGET: Sony's ruggedized Cyber-shot TF1 hits this month for $199, we go hands-on
Broadcaster TF1 announced last week it would axe the popular show, described as France's version of Survivor, in response to his death.
The French right-of-centre newspaper Le Figaro reports that Mr Hollande's announcement on the TF1 channel appeared to take party colleagues by surprise.
The prospect of less competition for advertising revenue sent television channel shares higher on Tuesday, with TF1 up 8.9% and M6 rising 5.7%.
But the new station, which is based in a former French navy club, has been promoted by Breton militant Patrick Le Lay, head of France's popular TF1 channel.
The Cyber-shot TF1 camera is designed for active shooters with a new rugged design, making it the perfect accessory for weekend adventures, family vacations and everything in between.
ENGADGET: Sony Cyber-shot H200 features 26x OIS lens, 20.1MP stills for $249 (hands-on)
During a television interview aired by TF1 last month, Sarkozy addressed the accusation, which has surfaced periodically since at least last year: "If (Gadhafi) had funded (my campaign), frankly, I would not have been very grateful, " he said.
The three contestants, who had taken part in the show on the private TV channel, TF1, were awarded 11, 000 euros each in compensation, including 8, 176 euros in overtime, 817 euros for being denied a holiday, 500 euros for unfair dismissal, and 1, 500 euros for the wrongful termination of their contracts.
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