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› Last week in media: Mediaset and Vivendi move European consolidation forward and Naspers details spin-off
Last week in media: Mediaset and Vivendi move European consolidation forward and Naspers details spin-off
2019-06-03 07:01:00| Telecompaper Headlines
(Telecompaper) Consolidation drove the media sector, last week. Vivendi acquired the unlisted M7 Group, Mediaset bought into ProSieben and Axel Springer could be taken private. The South African Naspers Group detailed the planned spin-off of its consumer internet group, to be listed in Amsterdam from 17 July. The Telecompaper Stock Index Global Consumer Media ended the week down 2.3 percent, slightly better than the S&P 500's loss of 2.6 percent. We recorded the largest gain for Axel Springer (+20% for the week) and the biggest loss for comScore (-11%).
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