MediaForEurope Secures Editorial Independence for ProSiebenSat.1
Germany's culture commissioner received assurances from MediaForEurope (MFE) CEO that ProSiebenSat.1 will maintain editorial independence amid its acquisition by MFE. MFE is poised to take control after acquiring a Czech investment group's stake. Results of the offer will be announced on September 4.
- Country:
- Germany
In a significant development for the media landscape, MediaForEurope (MFE) has reassured stakeholders that ProSiebenSat.1 will retain its editorial independence even as MFE moves to acquire control of the German broadcaster.
Germany's culture commissioner, Wolfram Weimer, and MFE CEO Pier Silvio Berlusconi held discussions in Berlin, focusing on the future of ProSiebenSat.1. The reassurance is part of MFE's strategic plan as it secures a controlling stake by buying out a Czech investment group.
The official results of MFE's offer for ProSiebenSat.1 are expected on September 4, marking a pivotal moment for the broadcaster's operational autonomy within the MFE portfolio.
(With inputs from agencies.)
Advertisement
Google News