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Berlusconi Media Firm Takes Control of ProSiebenSat.1
Pier Silvio addressed concerns about preserving editorial independence and media diversity amid economic challenges, with regulators confirming no threat to Germany's media landscape.
- In Berlin, Silvio Berlusconi reassured government officials with plans to strengthen Munich and emphasized that editorial independence "must not be compromised," a point agreed by Wolfram Weimer.
- Mounting debts prompted ProSiebenSat1 Group to accept MediaforEurope's offer, which includes taking on high debts amid declining ad revenues and involves more than 50% of shares, raising diversity concerns.
- The German Journalists' Association sharply criticized the takeover and Wolfram Weimer pressed for clarity on political influence and journalistic quality, while it remains unclear if MFE will interfere with ProSiebenSat1's content.
- Regulators said in early August that the Bavarian Regulatory Authority for New Media saw no threat to media diversity and noted the takeover was permitted under the European single market, yet uncertainty about MFE's influence on ProSiebenSat1 remains.
- Strategically, MediaforEurope aims to counter global streaming giants Netflix and Amazon, while observers worry Silvio Berlusconi might use MFE to launch a political career, admiring Giorgia Meloni.
40 Articles
40 Articles
The Italian holding company "Media For Europe" (MFE) has acquired full control of the German television company ProSiebenSat.1 after a large share purchase, according to MFE. The works council warns against a reduction in staff.
Berlusconi Family’s MFE Secures Over 75% Of ProSiebenSat.1 Media, Ending Drawn-Out Chase For Control
The Berlusconi family’s MediaForEurope (MFE) has secured over three quarters of voting shares in ProSiebenSat.1 Media – finally handing it control of the German broadcasting giant. Final results of its voluntary public takeover offer to existing shareholders gave MFE a total stake of 75.61%. MFE had already secured a majority of the shares through the […]
The Italian company Media for Europe (MEF) has secured a large majority of ProSiebenSat.1. Pier Silvio Berlusconi's plans for the German market are described by the son of the former head of government in the Chancellery.
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