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ProSiebenSat.1 cuts dividend, outlook, plans strategy overhaul

Thursday 8 November 2018 | 14:35 CET | News
German broadcaster ProSiebenSat.1 has announced an overhaul of its strategy and plans for increased investment in local content and production. As a result of the changes, profits are expected to take a hit this year and next, and the company will reduce its dividend pay-out to 50 percent of adjusted net profit from this year, from a policy of 80-90 percent previously.

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Categories: Broadcast & Satellite / Internet
Companies: ProSiebenSat.1 Group
Countries: Germany
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