In a move to streamline its operations and reinforce its focus on entertainment, German media company ProSiebenSat.1 has announced the sale of its online comparison platform Verivox to Moltiply Group.
ProSiebenSat.1 grows revenues in 2024
German media company ProSiebenSat.1 has reported a 2% increase in revenue for 2024, reaching €3.92 billion despite a difficult economic climate.
ProSiebenSat.1 faces major job cuts in shareholder turmoil
German media company ProSiebenSat.1 is reportedly planning a significant round of job cuts.
Amid struggle with MFE: ProSiebenSat.1 Board Chair Dr Andreas Wiele to step down
Dr Andreas Wiele, Chairman of the Supervisory Board of German media company ProSiebenSat.1, will not seek re-election after the regular expiration of his term.
ProSiebenSat.1 increases revenues with Joyn
ProSiebenSat.1 grew its revenues from digital and smart advertising offerings in the German-speaking region by 12% in Q2 2024 compared to the previous year’s quarter, while total advertising revenues increased […]
ProSiebenSat.1 shareholders reject split-up at AGM
German media company ProSiebenSat.1 will not be split up. The proposal by its largest investor MFE-MediaForEurope did not get the required majority at today’s AGM in Munich.
ProSiebenSat.1 terminates output deals with Hollywood studios
German media company ProSiebenSat.1 will end its long-standing practice of acquiring US licensed content through long-term output deals with Hollywood studios.
Katharina Frömsdorf new CEO of Joyn
Katharina Frömsdorf will become CEO of Seven.One Entertainment Group’s streaming platform Joyn as of November 1, 2023 as part of a strategic realignment of the German media company.
ProSiebenSat.1 deepens ties with MFE MediaForEurope
German broadcaster ProSiebenSat.1 is intensifying its hook-up with Italian media company MFE MediaForEurope in the face of declining advertising revenues and competition from US streaming players.
ProSiebenSat.1 to cut 400 jobs
ProSiebenSat.1 wants to cut around fulltime 400 jobs in Germany this year.