ProSiebenSat.1


Mediaset hit by coronavirus in Q1

Mediaset saw its revenues hit by the Italian and Spanish markets’ exposure to the coronavirus crisis in the quarter to March. The broadcaster posted sales of €682.1 million, down from €718.2 million for the same period last year. Revenues in Italy fell from €492.1 million to €452.4 million. Mediaset said that revenues in both markets […]

KKR takes stake in ‘undervalued’ ProSiebenSat.1

Private equity outfit KKR has revealed that it has acquired a 5.2% stake in German commercial broadcaster ProSiebenSat.1, causing the German firm’s shares to rise on the Frankfurt stock exchange. KKR told Reuters that it had decided to invest in the broadcaster because it believes that the market is undervaluing the company. It said that […]

Mediaset takes ProSiebenSat.1 stake up to concentration threshold

Mediaset has purchased an additional 4.1% of Germany’s ProSiebenSat.1 in a move that takes the Italian media group to within a hair’s breadth of the threshold that would trigger a concentration probe. The acquisition of share by Mediaset Italia gives Mediaset Group as a whole control of up to 24.9% of the voting rights in […]

ProSiebenSat.1 pulls financial guidance under coronavirus impact

ProSiebenSat.1 has become the latest media company to pull its financial guidance under pressure from the coronavirus crisis. ProSiebenSat.1 said it expected trading to be heavily impacted in the second quarter, with ad revenues falling by 40% year-on-year in April . The media group said it could not provide an outlook for the second quarter […]

ProSiebenSat.1 signs up Globecast for international licensing

German broadcaster ProSiebenSat.1 has signed on with solutions provider Globecast for the licensing of its ProSiebenSat.1 Welt German-language TV channel. Globecast will licence the channel exclusively in the US for MVPD, cable operator, OTT platform and IPTV distribution and non-exclusively in Central and South America, Australia, and New Zealand. Technical delivery of the signal is […]

Mediaset seeks watchdog OK that could see it up its stake in ProSiebenSat.1

Mediaset is seeking the approval of German competition regulator the Bundeskartellamt after admitting it intends to take a “significant competitive interest” in ProSiebenSat.1. Mediaset’s interest in the German broadcaster appears on a list of ongoing merger control proceedings published on the German competition regulator’s website. A green light from the Bundeskartellamt would enable the Italian […]

Conze out at ProSiebenSat.1

Max Conze is to step down as CEO at German broadcaster ProSiebenSat.1 immediately, with the media giant set to re-focus its efforts on Red Arrow Studios, entertainment programming and expanding its on demand offerings. Conze joined from Dyson in 2018 to replace Thomas Ebeling but his tenure has been more recently associated with a tumbling share […]

Mediaset buys up more of ProSiebenSat.1 fuelling merger speculation

Mediaset has effectively doubled its stake in German commercial broadcaster ProSiebenSat.1 since last year with a fresh acquisition of shares by its Spanish unit, fuelling speculation about its intentions and the possibility of a takeover bid. The Italian media company announced yesterday that Mediaset España, its Spanish unit with which it plans to merge under […]

ProSiebenSat.1 pulls Red Arrow sale as Coronavirus crisis intensifies

German media giant ProSiebenSat.1 has pulled the potential sale of production and distribution arm Red Arrow Studios amid what it has termed a “Coronavirus crisis environment”, our sister title TBI has learned. The German company triggered a strategic review of Red Arrow in September, prompting a number of companies including Sony Pictures Television, AMC and All3Media […]

ProSiebenSat.1 expands online dating presence with The Meet Group acquisition

German commercial broadcaster ProSiebenSat.1 and General Atlantic, the joint owner of ProSiebenSat.1’s ecommerce arm NuCom, have agreed to acquire US online dating and social entertainment provider The Meet Group. ProSiebenSat.1, which has invested heavily in ecommerce and online dating as part of a drive to diversify away from a declining linear TV advertising business, said […]

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