[ A Succession-style boardroom battle is playing out in Europe. Germany’s ProSiebenSat.1 Media has rejected a set of proposals from lead shareholder MediaForEurope (MFE) to restructure the European media giant. The Berlusconi-family controlled MFE (formerly Mediaset) submitted a series of motions ahead of ProSieben’s annual general meeting on April 30, which included splitting up the … Read more
[ ProSiebenSat.1 Media has posted full-year earnings down €100M ($109), but its recent recovery looks set to continue with fourth quarter income up “significantly.” The German broadcast giant posted adjusted EBITDA of €578M in 2023, down nearly 15% from €678M in 2022. This was in line with expectations in what the broadcaster called both an … Read more
[ Germany’s ProSiebenSat.1 Media says it ended 2023 on “a good note” after posting earnings of €335M ($358.5M) in its fourth quarter financials. The broadcaster and media giant had a torrid 2023, in which revenues and earnings fell and the company was forced to reduce headcount in the face of a reduced TV advertising market … Read more
