MediaForEurope will have total control of its Spanish and Italian operations, as well as being the main shareholder of the German listed broadcaster ProSiebenSat.1 Media.
MediaForEurope (MFE) has notified Austria’s Federal Competition Authority about the "acquisition of de facto sole control of ProSiebenSat1 Media DE Deutschland," the competition watchdog confirmed.
In the third quarter of 2022, ProSiebenSat.1 Group generated group revenues of €921 million in what the company described as “a very challenging market environment.”
The german media group is bundling its eight subsidiaries in Germany, the UK, Denmark, Israel, and its global program sales arm under the umbrella of the newly established Seven.One Studios.