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 […]

MFE reduces threshold of acceptance for Mediaset España offer

MediaForEurope (MFE), the Dutch-registered media outfit formerly known as Mediaset, has changed the terms of its proposed acquisition of shares it doesn’t already own in Mediaset España. MFE has filed a request with Spanish regulator the CMNV to reduce the threshold of acceptance of its offer from 95.8% of the total share capital of the […]

MFE seeking power to discharge individual ProSiebenSat.1 board members

MediaForEurope (MFE) is seeking a change in the voting rules at the forthcoming AGM of ProSiebenSat.1 that would enable the individual discharge of executive and supervisory board members in place of collective approval or rejection. Dutch-based MFE, formerly known as Mediaset, which is now the German broadcaster’s largest shareholder, has called for the change in […]

MediaForEurope launches bid for Mediaset España

MediaForEurope (MFE), the Dutch-based broadcast and media outfit formerly known as Mediaset, has launched a public bid for the 44% of Mediaset España that it does not already own. MFE is offering €5.613 per share in the form of €1.86 in cash and 4.5 ordinary A shares in the parent company, giving Mediaset España a […]

MFE takes ProSiebenSat.1 stake beyond 25%, looks to consolidate Mediaset España

MediaForEurope (MFE), the cross-border broadcast group formerly known as Mediaset, has upped its stake in ProSiebenSat.1 beyond the 25% mark that will give it a blocking vote at the German media group’s forthcoming AGM and has admitted that it is looking to up its hold on Mediaset España. MFE said yesterday that “directly and indirectly, […]

RAI given permission to cut towers business stake by Italian government

The Italian prime minister Mario Draghi has approved a decree that will allow state broadcaster RAI to reduce its holding in the Rai Way towers unit below 51%. The move will open Italy up to significant consolidation in the tower sector, and could lead to merger talks between Rai Way and El Towers, Reuters reports. […]

MFE seeking to take ProSiebenSat.1 stake beyond 25%

MediaForEurope (MFE), formerly known as Mediaset, has sought the German competition watchdog’s permission to raise its stake in ProSiebenSat.1 beyond the 25% threshold that requires authorisation. MFE current holds a 23.9% stake in the German broadcaster, including 21% of the voting rights. The move comes ahead of ProSiebenSat.1’s AGM on May 5 and follows a […]