ProSiebenSat.1 is upping ties with MediaForEurope as it faces an advertising downturn and competition from SVoDs. Bert Habets, CEO of the German TV network, told the FT that “meaningful co-operation” on advertising, technology and even content was underway with MFE, which is ProSieben’s largest shareholder. A pan-European broadcast group is the longstanding ambition of Pier […]
At the Annual General Meeting of ProSiebenSat.1 Media on June 30th, the shareholders elected Katharina Behrends, Dr. Katrin Burkhardt, Thomas Ingelfinger and Prof. Dr. Cai-Nicolas Ziegler to the Group’s Supervisory Board by a clear majority. The Annual General Meeting thus followed the candidate proposals of the Supervisory Board. A total of four seats were up […]
Wolfgang Link, former Chief Entertainment Officer and CEO of Seven.One Entertainment Group, has announced he will leave the Group by mutual agreement as of July 15th, after 14 years with ProSiebenSat.1. Due to the strategic realignment of the Group and the focus on the core business Entertainment, ProSiebenSat.1 Group CEO Bert Habets will directly manage […]
ProSiebenSat.1 closed its 2022 financial year in line with its outlook. Group revenues were at €4.1 billion, down 7 per cent on the previous year, in what the German broadcasting group called a “severely weakened market environment”. Organically, i.e., adjusted for currency effects and portfolio changes, Group revenues were down 5 per cent year-on-year. The […]
German commercial broadcaster ProSiebenSat.1 has revealed what it describes as a sharpened strategic focus, with which the Group addresses the challenges of the market environment and the changing media landscape, while at the same time leveraging the Group’s growth potential. “We at ProSiebenSat.1 have everything it takes to reach millions of people day by day,” […]
Prague-based PPF Group has acquired a 9.1% stake in German broadcaster ProSiebenSat.1 Media. The international investment group, that’s also the parent company of CME, said: “PPF is looking forward to liaising with the management and supervisory board of ProSieben in this digitalisation process. PPF is an active investor in the telecommunications, media, and technology (TMT) […]
Italian broadcaster MFE-MediaforEurope has ruled out a complete merger with German broadcaster ProsiebenSat.1 for the time being – as well as a takeover bid – but is open to closer cooperation. Controlled by the family of former Italian Prime Minister Silvio Berlusconi, MFE has built a potential stake of 29.9 per cent in its rival […]
ProSiebenSat.1 is realigning its production and international distribution business. Following the establishment of two new production companies in Germany over the past twelve months and the sale of Red Arrow Studio’s US production business in the summer of 2022, the Munich-headquartered media group is bundling its eight subsidiaries in Germany, UK, Denmark and Israel and […]
German commercial free-to-air broadcaster ProSiebenSat.1 Media issued reduced guidance for its Full Year revenues and financials on October 28th. The news prompted analysts at investment bank Berenberg to review its own position and advice. The bank also suggested that ProSiebenSat.1’s conversations with MediaForEurope (MFE) might “now accelerate”. Berenberg maintains its “HOLD” advice. “While the magnitude […]
TV broadcasters and TV channels have reached an agreement enabling them to continue offering time-shifted television (replay TV) in its current form in Switzerland in the future. This allows the channels to use new advertising formats to compensate for the revenue lost if commercials are skipped when viewing replay TV. Sunrise is implementing this agreement […]