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ProSiebenSat.1 Media AG

Type	Public
Founded	October 2, 2000
Headquarters	Unterföhring, Germany
Key people	Götz Mäuser, Chairman Lord Clive Hollick, Vice-Chairman Guillaume de Posch, CEO Patrick Tillieux ,COO Axel Salzmann, CFO
Industry	Media
Products	Television, Radio, Magazines
Revenue	▲ €2.1 billion (2006) [1]
Employees	2,976 (2006)
Website	English homepage German homepage

ProSiebenSat.1 Media AG is a European media conglomerate, operating commercial television, premium pay channels, radio stations and related print businesses. It was formed on October 2nd 2000 by merger of German TV broadcasters ProSieben Media AG and Sat.1 SatellitenFernsehen GmbH. Through takeover of SBS Broadcasting Group on June 27th 2007 it now has operations in 13 European countries.
The headquarters are located in Unterföhring/Munich.

[edit] History

ProSiebenSat.1 programs had low ratings because of inconvincing marketing efforts. So ProSiebenSat.1 was bought by the American media tycoon Haim Saban for approximately $700 million. After Saban lost interest in the company because the programs could not compete with Bertelsmann's channels RTL, Vox, and Super RTL, he started an auction to sell the company. Possible bidders were Axel Springer AG, Dogan Group of Turkey, Permira/Kohlberg Kravis Roberts and some others like Goldman Sachs/APEX. The Axel Springer AG's bid was rejected by a federal competition commission, "Bundeskartellamt", because of the influence of Springer in Germany's media who owns already the nations most selling tabloid BILD and the newspaper Die Welt. On December 14, 2006, Germany's Handelsblatt reported that the winner of the bid was the consortium of Permira/KKR. A possible bidder for the company was Silvio Berlusconi, owner of Mediaset and former Italian prime minister. On June 27, 2007, ProSieben bought SBS Broadcasting for the total sum of €3.3 billion. SBS was also owned by Permira/KKR.

[edit] Divisions

[edit] German language Free-to-air, Pay-TV- and Transaction-TV Channels

[edit] Former Channels

sonnenklar TV was sold off to BigXtra in September 2005.

[edit] European Free-to-air, Pay-TV- and Radio channels

[edit] References

Annual Report 2007

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