PROSIEBENSAT.1 MEDI.ADR4/

Jochen Schweizer is examining buying back the experience business he built, Jochen Schweizer Mydays, from Pro Sieben Sat.1, but stresses he does not want to buy at any price. Decisive factors are the trademark rights to “Jochen Schweizer,” which largely remain with him, the company’s adjusted enterprise value, potential legacy liabilities and unredeemed vouchers. A sale by Pro Sieben Sat.1 is considered likely in the medium term, but any deal depends on financial reviews and Schweizer’s personal decision. » More on faz.net

Pro Sieben Sat 1 is selling the internet portal wetter.com to the Funke Mediengruppe for a mid double‑digit million sum. The transaction is expected to close in the first quarter of next year, and the workforce is to be taken on. Proceeds will be used to strengthen the company’s financial base and reduce debt, while majority owner Media for Europe will focus on the television business and plans to sell further digital holdings. » More on sueddeutsche.de

Pro Sieben Sat 1 and RTL Deutschland are losing advertising revenue, have internal problems, and are under pressure from growing streaming services. Netflix's takeover of Warner Bros. illustrates the shift of power toward global platforms. At Pro Sieben Sat 1 a new major shareholder has prompted drastic personnel and management measures; RTL has announced the cut of hundreds of jobs. » More on sueddeutsche.de

The management and supervisory board of Pro Sieben Sat 1 are recommending that shareholders accept the improved takeover offer from Italy's Media for Europe (MFE). With this move, the company is abandoning its previous resistance to the takeover and welcomes MFE's long-term commitment. The offer was recently significantly increased and surpasses that of rival PPF. » More on sueddeutsche.de

Media for Europe is intensifying its efforts to acquire Pro Sieben Sat 1 and has once again raised its offer. The planned takeover is sparking political debate and resistance, as various stakeholders position themselves. The development comes amid growing Italian interest in the German private television market. » More on sueddeutsche.de