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Earnings record for ProSiebenSat.1

February 22, 2007 09.55 Europe/London By Julian Clover

Germany’s ProSiebenSat.1 has reported record earnings for the financial year just passed. EBITDA grew 16% in 2006 to €484 million as pre-tax income increased by 10% to €387m.

The group is in the process of being acquired by private equity firms Kohlberg Kravis Roberts & Co and Permir, who intend to merge the operations into SBS Broadcasting. ProSiebenSat.1 has developed participation TV, mobile TV and video on demand services. Revenues from transactional TV and other diversified elements amounted to €238.1m.

Combined audiences shares for entertainment channels Sat.1, ProSieben, Kabel Eins and the news network N24 fell  slightly in 2006 to 29.4%, in part due to the Winter Olympics and football World Cup, the rights to which were held by public broadcasters ARD and ZDF. Nevertheless, ProSieben and Sat.1 are still among Germany’s most profitable TV Stations.

Separately, ProSiebenSat.1 has acquired the free-TV rights to future productions from Warner Bros. International Television Distribution. The package includes all the studio’s feature films released during the contract period and a selection of series. The movie package includes Blood Diamond, Ocean’s Thirteen and Harry Potter and the Order of the Phoenix.

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Filed Under: Newsline Edited: 22 February 2007 09:55

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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