Tag: Bert Habets

Marco Giordani is succeeding Bert Habets as CEO of ProSiebenSat.1 as MFE extends its control over the German media group.

MFE has secured a 75.61 percent stake in ProSiebenSat.1 Media following its voluntary public offer to shareholders.

Following the initial acceptance period for its voluntary public takeover offer for ProSiebenSat.1 Media shares, MFE-MEDIAFOREUROPE's stake in the company has hit 43.57 percent, with PPF concluding its offer with an 18.41 percent stake.

The Czech investment firm PPF is launching a public acquisition offer to increase its share in ProSiebenSat.1 Media to just under 30 percent.

ProSiebenSat.1 Media is eliminating some 430 full-time positions as it continues its restructuring, shifting its focus to its entertainment operations and scaling its digital transformation.

Bert Habets will remain as group CEO of ProSiebenSat.1 Media for another three years, through October 2028.

ProSiebenSat.1 Media has sold its Verivox business and become the sole owner of NuCom Group and ParshipMeet Group as it simplifies its group structure and continues to refocus on its core entertainment business.

ProSiebenSat.1 Media posted 2024 revenues of €3.9 billion ($4.2 billion), a 2 percent year-on-year increase, despite a challenging linear TV advertising market.

Revenues at ProSiebenSat.1 Media rose by 5 percent in the second quarter to reach €907 million ($989.6 million), driven in part by AVOD gains.

Tim Rhoenisch has been tapped as the new CEO of ProSiebenSat.1’s Commerce & Ventures segment, taking over for Friedrich Thoma, who left the company by mutual agreement.