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ProSiebenSat.1 Shareholders Narrowly Reject Plan To Split Up German TV Giant
ProSiebenSat.1 Media's shareholders have narrowly voted to reject a plan that would have seen the business split up.
Majority minority shareholders MediaForEurope(MFE) and PFF IM had had called for management at the German TV giant to explore a proposal to separate the core broadcasting and content business from its Commerce & Ventures and Dating & Video segments. Senior CME exec Klára Brachtlová is already on the supervisory board and has now been confirmed in the post, with former Discovery international chief Majorie Kaplan and Rolf Nonnenmacher. “We expect the management of ProSiebenSat.1 and the supervisory board in this new composition to get to work immediately to achieve tangible results that will increase the value of the company for the benefit of all shareholders,” said the MFE spokesperson.
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