Are you also under the impression that the media landscape is changing? ProSiebenSat.1 $XEON (+0,01%) apparently has major challenges to overcome. According to a report in manager magazin, the Bavarian television group is planning to cut around 500 jobs.
The company's CEO Bert Habets will present a cost-cutting package on March 6. These measures will primarily affect the television and streaming business, where around 4,000 people are currently still employed. ProSiebenSat.1 is struggling with declining market shares and high costs. An anonymous observer describes the situation as dramatic: "Digitalization is paralyzing and ratings are declining everywhere."
An internal power struggle between the major shareholders MfE from Italy and PPF from the Czech Republic is also causing additional uncertainty. This could even have an impact on the management level, as Habets may no longer have the trust of the Supervisory Board members. How do you see the future of ProSiebenSat.1? 📈
