August 7, 2019 / 5:39 AM / 3 months ago

ProSieben Q2 revenues ahead 4% as growth areas offset TV ad slide

FRANKFURT, Aug 7 (Reuters) - German broadcaster ProSiebenSat 1 Media reported a 4% rise in second-quarter revenue as growth at its content and e-commerce divisions offset a slide in advertising at its core TV franchise.

ProSieben said adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 18%, as expected, as it invested in new productions to freshen its slate of local programming. (Reporting by Douglas Busvine Editing by Michelle Martin)

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