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 […]

ProSiebenSat.1 Group reports that is has the second quarter of 2023 “in line with expectations“. Against the current challenging macroeconomic environment in the German-speaking region (Germany, Austria, Switzerland), Group revenues in Q2 were 17 per cent below the previous year at €868 million. The TV advertising business in particular continued to be affected by ongoing […]

ProSiebenSat.1, the German broadcasting group, has announced it will be cutting 400 full-time positions as part of restructuring measures focusing on its entertainment activities. In a press statement, ProSiebenSat.1 said that “a realignment of the organisation is now taking place” after acquiring the streaming platform Joyn in 2022. The aim is to” achieve a more […]

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 […]

Erik Huggers, member of the Supervisory Board of ProSiebenSat.1 Media, is stepping down from his mandate after nine years as of June 30th, in order to focus on his activities as Senior Advisor to EQT Group and Chairman of several portfolio companies, in addition to his other Supervisory Board mandates. Dr. Andreas Wiele, Chairman of […]

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 […]

PPF Group, the Czech Republic investment group, has raised its stake in German media group ProSiebenSat.1 to 15.04 per cent in stock and instruments. “Our growing shareholding in ProSiebenSat.1 demonstrates that PPF is a long-term and supportive investor with ample television broadcasting experience that can add value to Germany’s leading media company,” commented PPF Chief […]

German commercial broadcaster ProSiebenSat.1 Group closed the first quarter of 2023 in line with expectations: Group revenues are still impacted by the challenging macroeconomic environment and were thus 13 per cent below the previous year at €816 million in the first three months of the year (previous year: €941 million). In particular as a result […]

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,” […]