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Tag: mediaset
Last week in media: CBS and Viacom nearing re-merger, Mediaset driving pan-European streaming service
2019-08-05 07:05:00| Telecompaper Headlines
(Telecompaper) Consolidation was driving the broadcast segment, last week, but not the share prices. The Telecompaper Stock Index Global Media ended the week down 3.6 percent, versus a loss of 3.1 percent for the S&P 500. Several broadcasters were down sharply, including Zee Entertainment (-15%), TV Azteca (-15%), Nippon TV (-12%), Tokyo Broadcasting (-8.3%) and Atresmedia (-8.0%). Gannett ended up the week's winner, up 10 percent.
Tags: service
media
week
driving
Mediaset to merge Italy and Spain units into Netherlands-based holding company
2019-06-10 09:09:00| Telecompaper Headlines
(Telecompaper) Italian commercial broadcaster Mediaset has announced the creation of a new Netherlands-based holding company and confirmed its intention to create a pan-European television hub. The corporate overhaul sees the merger of Mediaset SpA and Mediaset Spain into a new holding company called MediaforEurope (MFE), based in the Netherlands, with its tax base in Italy and listed on both the Italian and Spanish stock exchanges. MFE will control 100 percent of Mediaset SpA and Mediaset Spain as well as the recently acquired 9.6 percent stake in German broadcaster ProSiebenSat1.
Tags: company
italy
spain
units
Last week in media: social media under fire, streaming services from WarnerMedia and Google detailed, Mediaset plans holding
2019-06-10 07:02:00| Telecompaper Headlines
(Telecompaper) All eyes were on the social networking segment in week 23. Apple, Amazon, Google (Alphabet) and Facebook were apparently subjected to oversight in the US, from either the FTC or the Department of Justice. Our consumer media index ended week 23 up 0.4 percent, lagging the S&P 500 (+4.4%). Snap, escaping the oversight speculation, was the week's winner, up 17 percent, followed closely by Spotify (+12%). The week's biggest losers were AMC Entertainment (-10%) and RTL (-8.5%).
Tags: services
media
social
week
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%).
Tags: media
details
week
forward
Italy's Mediaset acquires 9.6% stake in Germany's ProSiebenSat.1
2019-05-29 09:28:00| Telecompaper Headlines
(Telecompaper) Italian commercial broadcaster Mediaset has announced the acquisition of a 9.6 percent stake in German counterpart ProSiebenSat.1 for an undisclosed sum. The stake corresponds to up to 9.9 percent of ProSiebenSat.1's voting rights, excluding treasury stocks, said Mediaset, which has been touting the idea of creating a pan-European TV player for several months. In a statement, Mediaset CEO Piersilvio Berlusconi said: "the friendly acquisition of a stake in ProSiebenSat.1 is a long-term choice, aimed at creating value with an increasingly international outlook." He added that European media companies will need to join forces "if we are to continue to compete, or even just resist, in terms of our European cultural identity, eventual attacks by the global giants."
Tags: stake
acquires
mediaset
prosiebensat1