ProSiebenSat.1 ‘may be more tempted’ by MFE plan as it downgrades guidance

ProSiebenSat.1 could be tempted to look again at MediaForEurope’s proposals for the creation of a pan-European broadcast group after downgrading its guidance for the full year on weaker-than-expected advertising revenue, according to analysts from Berenberg. According to the analysts, ProSiebenSat.1’s appointment of a new CEO, Bert Habets, who will replace former CEO Rainer Beaujean as […]

MFE denies Spain CEO ‘dismissal’ rumours

MediaForEurope has denied what it describes as “rumours” in the Spanish press that it forced the departure of Mediaset España CEO Paolo Vasile after the latter confirmed he would leave the company later this month. “With regard to rumours appeared today on the main Spanish press websites, MFE declares that there is no dismissal of […]

MFE sees revenues edge up and profits fall as outlook darkens

MediaForEurope (MFE), the media outfit that owns Mediaset’s Italian and Spanish operations, saw its revenue increase slightly in the first half despite a gathering economic storm fuelled by inflation, rising energy costs and the war in Ukraine thanks to a solid performance in Italy. MFE’s revenues for the first half amounted to €1.388 billion, up […]

MFE names NBCU veteran to oversee German expansion

MediaForEurope (MFE), the pan-European group formerly known as Mediaset, has announced the hire of a former NBCUniversal exec to oversee its growing business in Germany. Katharina Behrends will join as general manager for DACH on October 1. She will be responsible for overseeing MFE’s corporate engagement and activities in Germany, Austria and Switzerland, and will […]

MFE waives minimum acceptance for Mediaset España offer

MediaForEurope (MFE) has waived the minimum acceptance threshold relevant to its attempt to take control of Mediaset España after failing to secure sufficient shares. The move means that MFE will hold 82.92% of the Spanish unit’s shares, short of the 85% required under the minimum acceptance threshold. The media group communicated its decision on the […]

MFE ups its offer as Mediaset España takeover falters

MediaForEurope (MFE), the company formerly known as Mediaset, has improved the terms of its public offer for the shares of Mediaset España, the Spanish broadcaster subsidiary it is attempting to consolidate as part of its plan to build a cross-border European media entity. MFE has improved the cash element of its offer for Mediaset España […]

Mediaset España reports slow growth as ad market falters

Broadcaster Mediaset España saw a modest increase in revenues and a significant drop in earnings and profit in the first quarter as costs mounted and the group’s share of a muted advertising market failed to grow in line with rivals. The broadcaster’s net revenues rose by 2.2% to €188 million, while adjusted EBITDA fell by […]

MFE declines to support discharge of ProSiebenSat.1 supervisory board

MediaForEurope (MFE), owner of Italy’s Mediaset and the biggest shareholder in German broadcaster ProSiebenSat.1, has declined to vote in favour of discharging the latter’s supervisory board at the company’s annual meeting. Despite MFE’s decision not to support the board, ProSiebenSat.1 secured a narrow majority in favour of discharge of 52%. ‘Discharging’ directors releases them from […]

ProSiebenSat.1’s Beaujean plays down consolidation ideas ahead of AGM

ProSiebenSat.1 CEO Rainer Beaujean has once again rejected the idea of a merger between his company and rival broadcaster RTL and has poured cold water on a wider consolidated play involving ProSiebenSat.1’s largest shareholder, MediaForEurope (MFE). Speaking to the Süddeutsche Zeitung newspaper ahead of tomorrow’s AGM, Beaujean said that the existence of two competing commercial […]

MFE bullish on 2022 prospects, set to abstain in ProSiebenSat.1 vote

MediaForEurope – the company formerly known as Mediaset – has said advertising revenues for the first quarter were slightly up on last year’s figure despite the impact of the war in Ukraine. MFE said it believed it outperformed the market in Q1 and noted that it had seen any postponements, cancellations or shifts in advertising […]