ProSiebenSat.1 Group
Munich, December 23, 2013. The ProSiebenSat.1
Group has sold its Eastern European TV and radio stations. In
Romania, ProSiebenSat.1 sold the television channel Kiss TV and the
radio stations Kiss FM, Magic FM, One FM and Rock FM to the Greek
Antenna Group, South East Europe's leading media and entertainment
group. The Romanian entrepreneur Cristian Burci acquired the TV
station Prima TV. The Hungarian television stations TV2, FEM 3,
PRO4 and Super TV2 were taken over by the present management team
in a management buyout.
The contracts for the relevant transactions were signed today as
well as on December 20 and 21, 2013, respectively. The
ProSiebenSat.1 Group expects the legal closing of the sale in the
first quarter of 2014.
ProSiebenSat.1 announced its intention to sell its Eastern
European TV and radio holdings when it sold its Northern European
portfolio in December 2012, in order to concentrate on the
expansion of its German-speaking television and digital business.
This offers the group the greatest synergy and growth opportunities
in the long term.
Since the sale of the Northern European business at the
end of 2012, the Group has reported on the basis of continuing
operations, i.e. not including the Eastern European holdings'
contributions to revenues and earnings.
Contact:
Stefanie Prinz
Head of Corporate Communications and Finance
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Phone +49 [89] 95 07-1199
Fax +49 [89] 95 07-91199
Email:
Stefanie.Prinz@ProSiebenSat1.com
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