TV advertising slump pushed ProSiebenSat.1 into the red – media

2023-05-26 09:17:36

Unterföhrung – The German television group ProSiebenSat.1 slipped into the red at the start of the year. The reason for this is the persistently weak TV business. Adjusted for special effects, depreciation and impairments, shareholders accounted for a loss of EUR 15 million in the first quarter, following a profit of EUR 38 million in the same period last year, as the company, which is listed in the German MDAX share index, announced on Friday.

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