MFE will ‘surely look at’ Channel 4 acquisition

The Berlusconi-controlled MediaForEurope (MFE) will consider acquiring Channel 4 when it goes on sale, the company’s chief operating officer has said. Despite consistent backlash and opposition from the general public, UK culture secretary Nadine Dorries is pushing forward with plans to privatise the broadcaster with a price tag set at a reported £2 billion.  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 […]

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 […]

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 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 […]

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, […]

MediaForEurope beats expectations as Italian ad market rises

Mediaset/MediaForEurope (MFE) has published preliminary full-year results that highlighted stellar top and bottom-line growth on the back of a strengthening ad market. MFE recorded 11% growth in revenue to €2.9 billion and an adjusted operating profit of €476 million, up 52% for the full year. The company’s net profit rose by 169% to €374 million. […]

Mediaset becomes MFE-MediaForEurope

Mediaset’s board have approved the company’s change of name to MFE-MediaForEurope NV along with the introduction of a dual-class share structure and authorisation for the issue of new shares. The change of name is effective immediately. “We are extremely satisfied with these two important steps: the creation of MFE-MediaForEurope N.V. in the Netherlands and the […]

Mediaset move will create ‘stronger business’ but pan-European merger unlikely

Mediaset’s creation of a new holding company and the merger of its Italian and Spanish operations is a “bold move” that will “create a stronger business that can benefit shareholders and consumers in the medium to long term”, according to analysts at investment bank Berenberg. However, Berenberg said that it does expect ProSiebenSat.1 or “any […]