ProSiebenSat.1
 |
|
| Societas Europaea | |
| Traded as | : PSM |
| Industry | Mass media |
| Founded | October 2, 2000 |
| Headquarters | Unterföhring, Germany |
|
Key people
|
Thomas Ebeling (CEO and chairman of the executive board), Johannes Huth (Chairman of the supervisory board) |
| Products | Broadcasting, Free-to-air and subscription television, television production, radio broadcasting, cable, web content, magazine publication |
| Revenue | €3.799 billion (2016) |
| €777 million (2016) | |
| Profit | €402 million (2016) |
| Total assets | €6.603 billion (end 2016) |
| Total equity | €1.432 billion (end 2016) |
|
Number of employees
|
6,054 (FTE, end 2016) |
| Subsidiaries | Studio 71 |
| Website | www.prosiebensat1.com |
ProSiebenSat.1 Media SE (officially abbreviated as P7S1, formerly ProSiebenSat.1 Media AG) is a European mass media company, native of Germany. It operates commercial television, premium pay channels, radio stations and related print businesses. It was formed on October 2, 2000 by merger of German TV broadcasters ProSieben Media AG (founded on New Year's Day of 1989) and Sat.1 SatellitenFernsehen GmbH (also founded on New Year's Day of 1984, as PKS (Programmgesellschaft für Kabel- und Satellitenrundfunk)). Through takeover of SBS Broadcasting Group on June 27, 2007 it now has operations in 13 European countries.
After the KirchMedia GmbH & Co. KGaA became majority shareholder of the ProSieben Media AG at the end of the year 1999, the ProSieben Media AG and the Sat.1 GmbH, which belongs also to the Kirch group published their merger plans at 28 June 2000. In this way the biggest TV channel group (SAT.1, ProSieben, kabel eins and N24) will be created. Since 2 October 2000 the ProSieben Media AG took the interests of the Sat.1 GmbH by the KirchMedia GmbH & Co. KgaA, since 13 October of the same year the stocks of the ProSieben Media AG are renamed to ProSiebenSat.1 Media AG at the . Urs Rohner, the Chairman of ProSieben became Chairman of the ProSiebenSat1 Media AG. As part of the integration of Sat.1 the ProSieben Television GmbH was also found.
In 2002 there was nearly a merger with the KirchMedia GmbH, but it failed at the end of insolvency of Kirch group. After that, the stock of ProSiebenSat.1 crashed. In 2003 the AG got P7S1 Holding as new major shareholder, which is a 25-percent subsidiary of the Saban Capital Group by Haim Saban and more investors who got 88 percent of the votes. Saban took the TV channel group over for 500 million Euros. The 12 percent of the rest belonged to Axel Springer AG. Free shareholders got only non-voting preference shares.
After the takeover by P7S1 Holding there were restructuring measures and a reorganisation of the TV channels. Also some TV shows were cancelled.
The AG reached with their TV channels at the age group of 14 to 49 years a Market share of more than 30 percent and an earning of 1.8 million Euros in 2002 as well as a profit of 21 million Euros and over three thousand employees.
After the previous chairman Urs Rohner left the company up to 30 April 2004 "at his own request", the Belgian Guillaume de Posch followed him.
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Wikipedia