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ProSiebenSat considers acquisitions to offset reliance on TV ad market

Wednesday 20 September 2017 | 16:22 CET | News
German broadcaster ProSiebenSat.1 is looking to expand in new areas in order to reduce its reliance on the weak TV advertising market. According to CEO Thomas Ebeling, the group is considering ten possible acquisitions, four of which are in the online market, four in the TV production business and two online entertainment providers. He discussed the plans at an investor event held by the Berenberg-Bank, and a company spokeswoman confirmed the remarks to Reuters. 

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Categories: Broadcast & Satellite
Companies: ProSiebenSat.1
Countries: Germany
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