ProSiebenSat.1 Media AG
 |
|
| Societas Europaea | |
| Traded as | : PSM |
| Industry | Mass media |
| Founded | October 2, 2000 |
| Headquarters | Unterföhring, Germany |
|
Key people
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Thomas Ebeling (CEO and chairman of the executive board), Werner Brandt (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, based in Germany. It operates free-to-air commercial TV channels, pay TV channels, radio stations and related print businesses. It was formed on October 2, 2000 by the merger of German TV broadcasters ProSieben Media AG (founded in 1989) and Sat.1 SatellitenFernsehen GmbH (founded in 1984 as PKS (Programmgesellschaft für Kabel- und Satellitenrundfunk)). The company is listed on the and is a component of the DAX index.
KirchMedia GmbH & Co. KGaA became the majority shareholder in ProSieben Media AG at the end of 1999. ProSieben Media AG and Sat.1 GmbH, which was also part of the Kirch group, merged in 2000. The company controlled various TV channels such as SAT.1, ProSieben, kabel eins and N24.
The company nearly merged with KirchMedia GmbH in 2002, but the merger failed due to the insolvency of the Kirch group. The company's stock price crashed following the failed merger. In 2003 the company was bought out by P7S1 Holding, which 25-percent owned by Haim Saban's Saban Capital Group and other investors, who got an 88 percent voting share. Saban took over the TV channel group for 500 million Euros. The remaining 12 percent belonged to Axel Springer AG.
After the takeover by P7S1 Holding the company was restructured and some TV shows were cancelled.
The company's TV channels, aimed at an age group of 14 to 49 year-old had a market share of more than 30 percent and earned of 1.8 billion Euro in 2002, making a profit of 21 million Euros. In the same year ,the company had over three thousand employees.
When chairman Urs Rohner left the company up to 30 April 2004 "at his own request", Guillaume de Posch, a Belgian, became the new chairman.
In 2005 Axel Springer Verlag offered to buy the company for three billion Euro, but this purchase was blocked by the Federal Cartel Office and the Commission on Concentration in the Media,. Springer announced withdrew its offer on 31 January 2006.
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