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6h ago

MFE Wins Majority at ProSiebenSat.1, Pledges Editorial Independence

Germany says MFE has pledged to preserve editorial independence during the transition.

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Overview

  • MediaForEurope now holds about 59% of ProSiebenSat.1 after PPF agreed to sell its 15.68% stake and following MFE’s tender for additional shares.
  • Culture Minister Wolfram Weimer met Pier Silvio Berlusconi and said both sides agreed that editorial independence must not be touched.
  • MFE said it will invest in local German content, build a pan‑European media and streaming platform, retain jobs, and strengthen Munich as a production and innovation hub.
  • ProSiebenSat.1 extended CFO Martin Mildner’s contract to May 2029 shortly before the change in control, a move Reuters reported the Italians did not support.
  • MFE is expected to secure a supervisory‑board majority as tender formalities conclude this week, with regular government‑company talks planned on film funding and EU media rules.