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ProSiebenSat.1 reorganises, sees slower mid-term growth
December 6, 2017 / 6:23 AM / 11 days ago

ProSiebenSat.1 reorganises, sees slower mid-term growth

MUNICH/FRANKFURT, Dec 6 (Reuters) - ProSiebenSat.1 Media SE said on Wednesday it would reorganise into three divisions spanning entertainment, content production and commerce, as the German media group dialed back expectations for mid-term growth.

In one key change, ProSieben will fold its digital entertainment lines into its commercial TV operation, where a series of outlook downgrades has hammered the company’s shares this year. (Reporting by Douglas Busvine and Joern Poltz; Editing by Ludwig Burger)

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