ProSiebenSat.1 sees surprise Q4 earnings rise as advertising revenues improve

Embattled Germany giant ProSiebenSat.1 has recorded a higher than expected increase in earnings in Q4 of 2023, with advertising revenues finally showing some improvement. Germany’s ad market had slumped around 10% in consecutive years, prompting an overhaul that saw the company cut a swathe of jobs earlier amid a “realignment” to a digital-first business. Group […]

ProSiebenSat.1 ends US output deals to increase focus on local programming

German media giant ProSiebenSat.1 has announced plans to terminate its remaining long-term US output deals, while confirming it will increase investment in local content to around €1.05bn ($1.15bn) next year. The company said that reducing its licensing of US programming will benefit local formats as it intends to instead increase its focus on exclusive local […]

ProSiebenSat.1’s streamer Joyn reports growth, stems ad decline at German broadcast giant

ProSiebenSat.1’s streamer Joyn has helped to offset advertising declines at the German giant’s broadcast operations, sending shares up almost 10%. While full-year earnings are now expected to be at the lower end of the range forecast at the beginning of the year, investors were buoyed by an improvement in the company’s performance in the second […]

ProSiebenSat.1 restructures with veteran channel chief Daniel Rosemann departing

ProSiebenSat.1 has restructured its management team with chief Bert Habets now becoming CEO of Seven.One Entertainment and Sat.1 veteran Daniel Rosemann departing. The core unit’s three-member management team also includes chief content officer Henrik Pabst, who had until recently been MD at Seven.One, and Stefan Endriß, chief financial officer. The new-look structure will see Habets’ […]

ProSiebenSat.1 outlines strategy to survive ‘unprecedented decline’ of German ad market

ProSiebenSat.1 is to invest upwards of €1bn ($1.05m) in programming next year that can work on both its linear networks and streamer Joyn, as the company fights the “unprecedented decline” of the local advertising market. Germany’s ad market has slumped around 10% in consecutive years, prompting an overhaul that saw it cut a swathe of […]

Berlusconi’s MediaForEurope ups ProSiebenSat.1 stake, nears takeover bid

MediaForEurope, the company founded by the late Italian prime minister Silvio Berlusconi, has increased its stake in German broadcast group ProSiebenSat.1, bringing it just short of the threshold required to submit a takeover bid. The Milan-based company, which is still majority-owned by the Berlusconi family via holding company Fininvest, following the death of the politician […]

ProSiebenSat.1 earnings cut in half amid struggling ad market

Germany’s ProSiebenSat.1 saw its earnings plummet in the second quarter as the German market’s advertising weakness took a heavy toll on its top line. Group revenues dropped by almost half to €868m ($948m) in Q2, down from €1.043bn last year, and adjusted EBITDA plummeted from €155m a year ago to only €79m. Both drops were […]

Berlusconi’s eldest children to take joint control of Mediaset owner Fininvest

No single child of the late Silvio Berlusconi is to have a controlling interest in media holding company Fininvest under the terms of the former Italian prime minister and media tycoon’s will, with his son Pier Silvio and daughter Marina to jointly hold a majority stake. It has emerged today that Berlusconi’s two eldest children […]

TBI Weekly: How a month of markets reflects serious concerns

Conecta Fiction in Spain wrapped up a frenetic month of travel in June for TBI but while each event offered its own regional trends, there was one single overriding topic of discussion, writes Richard Middleton. If you work in the European or North American content business, chances are you’ve been on the road this month. […]

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