Tag: ProSiebenSat.1 Media

Group revenues for ProSiebenSat.1 Media were down 7 percent year-over-year to €820 million in the third quarter, in line with adjusted expectations announced in September.

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.

ProSiebenSat.1 Media's executive and supervisory boards have recommended the group accept the improved public takeover offer by MFE-MEDIAFOREUROPE.

ProSiebenSat.1 Media reported lower revenues in Q2 of €840 million, a 7 percent decline amid a "challenging market environment," but is expecting a recovery in the ad market in the second half of this year.

Maria Kyriacou has been confirmed as the new chairman of the supervisory board at ProSiebenSat.1 Media.

ProSiebenSat.1 Media's executive and supervisory board are advising shareholders against the voluntary public takeover offer made by MFE-MEDIAFOREUROPE, concluding that it is inadequate from a financial perspective.

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

Mansha Daswani recaps some of the major themes to emerge out of World Screen's inaugural Connected TV Festival.

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.