Italy-based media group MFE-MediaForEurope achieved a net profit of €251 million in 2024, up 15 per cent year-on-year and 60 per cent higher than forecast at the beginning of 2024. According to the preliminary financial results for 2024, EBIT reached €370 million, free cash flow amounted to €343 million (+23 per cent), while revenues increased […]
MFE-MediaForEurope (MFE) has reported consolidated net revenues of €1.47 billion for the first half of 2024, an annual increase of 7.8 per cent. Net profit soared to €104.7 million, a 20.2 per cent increase from the previous year, while EBIT rose to €136.3 million (+12.7 per cent), of which Italy accounted for €59.9 million (+53.5 […]
Italy-based broadcasting group MFE-MediaForEurope is expected to close 2023 with profit exceeding €217 million, the figure recorded in the previous year. This figure does not include the effects of adding ProsiebenSat.1 to their finances. Advertising revenues in Spain and Italy are expected to grow by 5 per cent compared to the same period in 2023. The […]
ProSiebenSat.1 is upping ties with MediaForEurope as it faces an advertising downturn and competition from SVoDs. Bert Habets, CEO of the German TV network, told the FT that “meaningful co-operation” on advertising, technology and even content was underway with MFE, which is ProSieben’s largest shareholder. A pan-European broadcast group is the longstanding ambition of Pier […]
Silvio Berlusconi’s eldest children, Marina and Pier Silvio, will jointly share majority control of his business empire the former Italian prime minister’s will reveals. Marina and Pier Silvio Berlusconi, who both already have executive roles in parts of the business, will hold equal stakes jointly adding up to around 53 per cent in the Fininvest […]
MFE-MediaForEurope has reported a net profit at group level of €216.9 million, down from €374.1 million in 2021 but an increase of 14 per cent on the pre-Covid 2019. Net profit at parent company MFE was €27.4 million, a significant drop on the net profit of €214.1 million a year earlier. Consolidated net revenues amounted […]
Berlusconi family-controlled MediaForEurope (MFE) is looking to take majority control of German commercial broadcaster ProSiebenSat.1. MFE filed its formal notification at Austria’s Federal Competition Authority (Bundeswettbewerbsbehörde) on December 13th. The filing talks about the “acquisition of de facto sole control” of the German media business. Investment bank Exane/BNPP suggests this could be a difficult move […]
German commercial free-to-air broadcaster ProSiebenSat.1 Media issued reduced guidance for its Full Year revenues and financials on October 28th. The news prompted analysts at investment bank Berenberg to review its own position and advice. The bank also suggested that ProSiebenSat.1’s conversations with MediaForEurope (MFE) might “now accelerate”. Berenberg maintains its “HOLD” advice. “While the magnitude […]
Despite a context of geo–political and economic crises, characterised by increased inflation, an energyemergency and a fall in consumer confidence, MFE – MediaForEurope has reported its accounts in the first six months of 2022 were not significantly affected thanks to “an immediate response by management”. Consolidated net revenues were up compared with the same period […]
MFE-MediaForEurope has announced the appointment of Katharina Behrends as General Manager for the German speaking region (DACH). She will join the company on October 1st. Behrends will oversee MFE’s corporate engagement and activities in Germany, Austria and Switzerland. Over the past 15 years, Behrends has held several leadership positions at NBC Universal Networks, where, in […]