The board of directors of Swiss media company Highlight Communications is currently examining various strategic options such as cooperations, M&A options and other comparable measures for the development of German sports broadcaster Sport1 Medien.
In this context, the board has decided to initiate a structured process regarding a possible sale of Sport1 or parts of the group. A decision as to whether, when and to what extent a sale will take place has not been made, but all strategic options are open, stresses Highlight Communications.
Sport1 Medien is bundled under Sport1 Medien AG, a subsidiary of Highlight Communications AG.
Earlier it was announced that Olaf Schröder, CEO of Sport1, and Pit Gottschalk, editor-in-chief and member of the executive board, are leaving the company.
