ProSiebenSat.1 has announced that is “taking the next step in its digital transformation” amidst a round of job cuts. After the German broadcasting group recently announced strategic progress despite a challenging economic environment by focusing even more strongly on the Entertainment business, it is now moving forward with the further development of its organisation. The […]
The Supervisory Board of ProSiebenSat.1 Media has extended Bert Habets’ contract as Group CEO for another three years (to October 2028). ProSiebenSat.1 says it has achieved “significant successes” since Habets took office. Under his leadership, Joyn has been established as the most successful ad-supported, freely available streaming platform in the German-speaking region with 10 million […]
ProSiebenSat.1 Media has acquired the remaining 10.1 per cent of shares in Jochen Schweizer mydays Holding held by founder Jochen Schweizer via Jochen Schweizer Beteiligungs since ProSiebenSat.1 initially took a stake in the company in 2017. Based on former contracts the media company has now exercised the existing purchase option to transfer the founder’s remaining […]
ProSiebenSat.1 Media SE Supervisory Board has announced that Maria Kyriacou will be proposed as a candidate for election to the company’s Supervisory Board at the upcoming Annual General Meeting (AGM) on May 28th, alongside Dr Katrin Burkhardt and Simone Scettri who are up for re-election. If elected, Kyriacou is also standing for appointment by the […]
MFE-MediaForEurope has confirmed its intention to issue a voluntary public takeover offer to increase its stake in German entertainment group ProSiebenSat.1 Media. In the announcement, MFE stated it expected to offer to tendering ProSiebenSat.1 shareholders an offer consideration equal to the three months VWAP of the ProSieben share (as calculated by the German Federal Financial […]
MFE-MediaForEurope, the Italian TV group controlled by the Berlusconi family, has called a board meeting to review a potential takeover bid for German broadcasting rival ProSiebenSat.1, according to a Reuters report. MFE, which runs TV operations across Italy and Spain, already has a near 30 per cent stake in ProSiebenSat.1 as part of a strategy […]
ProSiebenSat.1 Media is selling its minority stake in Urban Sports Club to Wellhub. The transaction is part of the acquisition of Urban Sports Club by Wellhub, a corporate wellbeing platform. Urban Sports Club, founded in 2012, is a European platform for sports and wellness. ProSiebenSat.1 acquired a stake in Urban Sports Club in 2021 via […]
The Executive Board and the Supervisory Board of ProSiebenSat.1 Media have approved a proposed agreement with General Atlantic on the acquisition of its minority stakes in NuCom Group (excluding flaconi) and ParshipMeet Group. ProSiebenSat.1 has also signed a binding agreement with a subsidiary of Moltiply Group for the sale Verivox, the consumer energy and household […]
Public and private television broadcasters are working together with associations and organisations to develop a framework for the market launch of DVB-I in Germany. The aim is to create the conditions to simplify the transformation of linear television into streaming. “The new DVB-I TV standard will soon merge streaming and traditional television to an even […]
ProSiebenSat.1 Group has reported revenue growth of 2 per cent to €3.91 billion in the 2024 financial year (previous year: €3.85 billion). The German broadcaster says the revenue performance was “in line with the forecast for the year and reflects the challenging macroeconomic situation”. While revenues from the linear TV advertising business declined in 2024, […]