|Bid||1.9510 x 0|
|Ask||2.0000 x 0|
|Day's Range||1.9550 - 1.9940|
|52 Week Range||1.3450 - 3.0860|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||11.71|
|Earnings Date||May 12, 2020 - May 18, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 23, 2016|
|1y Target Est||3.06|
The head of publisher Bertelsmann said its TV arm RTL should be allowed to merge with German rival ProSiebenSat.1, to give them a fighting chance against U.S. streaming giants. Thomas Rabe's comments - in an interview with Frankfurter Allgemeine Sonntagszeitung published on Sunday - come as European broadcasters explore ways to join forces against the onslaught from established players Netflix and Amazon Prime that are now being joined by Disney and Apple. ProSieben has become the focus of takeover speculation after Italy's Mediaset amassed a 15.1% stake in the Munich-based broadcaster towards the end of last year.
A Milan-based judge set Feb. 1 as the date for a new hearing for a request by France's Vivendi to suspend a corporate overhaul at Italy's top commercial broadcaster Mediaset, two legal sources said on Tuesday. Controlled by the family of former Italian Prime Minister Silvio Berlusconi, Mediaset wants to merge its Italian and Spanish units into a Dutch entity, dubbed MediaforEurope (MFE).
European shares retreated from four-year highs on Wednesday, as a highly anticipated speech by U.S. President Donald Trump gave no new clues on the progress of a trade deal with China, and as anti-government protests in Hong Kong raged on, denting sentiment. The pan-European STOXX 600 index fell 0.2% after positive German investor sentiment data and a slew of upbeat earnings had helped it scale highs not seen since 2015 on Tuesday. Spanish stocks led losses among regional peers as investors were doubtful of a new coalition between Socialists and far-left Unidas Podemos formed on Tuesday.
Italy will implement a planned "web tax" in 2020, obliging big digital companies to pay a 3% levy on some Internet transactions, Economy Minister Roberto Gualtieri said on Tuesday. Italy and fellow European Union members have long complained about the way Facebook, Google and other web giants collect huge profits in their countries but pay taxes of a few million euros at most. Digital companies shift earnings to low- or no-tax locations such as Ireland and international treaties protect them against paying tax in countries where they do not have what is termed a "permanent establishment".
Members of Italy's anti-establishment 5-Star Movement overwhelmingly backed a proposed coalition with the centre-left Democratic Party (PD) on Tuesday, opening the way for a new government to take office in the coming days. In an online ballot, 79.3% of 5-Star supporters voted in favour of joining forces with the PD, their long-time political adversaries, while 20.7% opposed the alliance, party leader Luigi Di Maio told reporters.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
German broadcaster ProSiebenSat.1 and the local unit of RTL Group said on Wednesday they were setting up a joint venture to enable buyers of adverts to target audiences more accurately. Such 'addressable' TV seeks, for example, to ensure that cat food commercials are seen by cat owners, just as online advertising relies on profiles of people compiled on the basis of their surfing habits. Expanding an existing ad alliance, the partners said the joint venture would run a single demand-side platform to manage automated ad sales.