MFE-MediaForEurope has strengthened its control over ProSiebenSat.1, appointing its own Chief Financial Officer, Marco Giordani, as the new CEO of the German media group with immediate effect.
ProSiebenSat.1 extends CFO Martin Mildner’s contract until 2029
German media company ProSiebenSat.1 has extended the contract of Group Chief Financial Officer (CFO) Martin Mildner until May 2029.
ProSiebenSat.1 sees recovery ahead despite revenue decline
ProSiebenSat.1 has confirmed its full-year financial targets for 2025 despite a 7% year-on-year revenue decline in the second quarter and continued weakness in the high-margin TV advertising business.
ProSiebenSat.1 maintains stable revenue as profit falls
Despite the ongoing weakness in the advertising market, German broadcaster ProSiebenSat.1 has largely held its ground in the first quarter of 2025.
ProSiebenSat.1 acquires full control of Jochen Schweizer mydays
ProSiebenSat.1 Media has acquired the remaining 10.1% stake in Jochen Schweizer mydays Holding, making the experience voucher provider a wholly owned subsidiary of the German media company.
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 fined €3.9m over voucher business violations
The Munich Public Prosecutor’s Office has concluded its investigation into Jochen Schweizer mydays, a subsidiary of ProSiebenSat.1 Media, resulting in fines for violating Germany’s Payment Services Supervision Act (ZAG).