|Bid||12.41 x 15900|
|Ask||12.43 x 3600|
|Day's Range||12.30 - 12.53|
|52 Week Range||12.30 - 23.85|
|Beta (3Y Monthly)||-0.45|
|PE Ratio (TTM)||8.41|
|Earnings Date||Aug 7, 2019|
|Forward Dividend & Yield||1.19 (9.15%)|
|1y Target Est||21.78|
German broadcaster ProSiebenSat.1 Media will launch its streaming joint venture with Discovery Inc, on June 18, with a premium version planned to go live in the coming winter, CEO Max Conze said on Wednesday. The venture, called Joyn, is a key plank of Conze's strategy to turn around the fortunes of ProSieben as it battles weak advertising on its commercial channels and digital platforms like Netflix lure away younger viewers.
MILAN/FRANKFURT, May 31 (Reuters) - Broadcasters ProSiebenSat.1 and Mediaset denied a newspaper report on Friday that they were in talks on creating a pan-European TV company after the Italian media house bought a 9.6% stake in its German rival this week. The holding company would be based in the Netherlands or Belgium and not in countries such as Italy, Spain or Germany where the broadcasters have much of their business, Italian daily Il Messaggero reported, citing a plan drawn up by Mediaset's adviser Citi. ProSieben was focusing on the launch next month of its streaming joint venture with Discovery Inc, called Joyn, as well as initiatives to develop 'smart' advertising, Conze added in a statement.
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ProSiebenSat.1 Media will launch its new streaming venture in June as the German broadcaster seeks to expand the digital side of its business to compensate for a decline in TV advertising. The initial version of 'Joyn' - a mashup of the words 'joy' and 'join' - will be ad-funded, with subscription options expected in late autumn or early winter, CEO Max Conze said. Conze, who has spent two million euros of his own cash in the last six months buying ProSieben shares, wants to build a digital media and e-commerce powerhouse.
Shares in German broadcaster ProSiebenSat.1 Media jumped on Thursday after a filing showed CEO Maximilian Conze bought nearly a million euros worth of shares in the company. Conze bought shares worth a total of 995,673.43 euros (£854,567.57) at 13.64 a share on April 26, the filing showed. A spokeswoman for ProSiebenSat.1 said the share purchase went far beyond Conze’s contractual commitments and represented an expression of confidence in his strategy.
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ProSiebenSat.1 Media SE (ETR:PSM), which is in the media business, and is based in Germany, saw a double-digit share price rise of over 10% in the past couple of months on the XTRA...
Shares in ProSiebenSat.1 and Mediaset rose on Wednesday after the chairman of the Italian broadcaster said the company was still studying a possible cross-border deal. Mediaset's top executives have repeatedly raised the idea of creating a pan-European TV player to fend off competition from established rivals and online content providers such as Netflix. Germany's ProSiebenSat 1 Media has been seen as a possible partner for Italy's biggest commercial broadcaster which is owned by the family of former prime minister Silvio Berlusconi.
Shares in ProSiebenSat.1 and Mediaset rose on Wednesday after the chairman of the Italian broadcaster said the company was still studying a possible cross-border deal. Mediaset's top executives have repeatedly floated the idea of creating a pan-European TV player to fend off competition from established rivals and online content providers such as Netflix. Germany's ProSiebenSat 1 Media has been mentioned as a possible partner for Italy's biggest commercial broadcaster which is owned by the family of former prime minister Silvio Berlusconi.
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German broadcaster ProSiebenSat.1 Media said its earnings would fall mainly in the second and third quarters of 2019, as it expenses investments in its entertainment business. CEO Max Conze, who joined in June from British home appliances maker Dyson, has shaken up the management but has yet to persuade investors he can compete with streaming giants like Netflix.
Today we'll look at ProSiebenSat.1 Media SE (ETR:PSM) and reflect on its potential as an investment. To be precise, we'll consider its Return On Capital Employed (ROCE), as that willRead More...
The stock has fallen 26 percent since he unveiled his vision for the German broadcaster in November, which involves a focus on ramping up production of German language content and extending the investments in new digital offerings that were started by his predecessor. Replacing the chief commercial officer, who manages the relationship with advertisers, is particularly worrying at a time when ad revenue is already declining.
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This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We'll look at ProSiebenSat.1 Media SE's (ETR:PSM) P/E ratio and reflect Read More...
German media group ProSiebenSat.1 Media's (PSMGn.DE) e-commerce arm NuCom is buying control of Aroundhome, an online broker for home services and products, in a deal valued at 140 million euros (£124.8 million). "We see a huge market potential in Europe," Aroundhome founder and CEO Robin Behlau said in an interview, adding home spending in Germany, Austria and Switzerland was worth more than 65 billion euros a year. Aroundhome, previously called Kaeuferportal, says it has achieved average revenue growth of 35 percent a year since 2014.