ProSiebenSat.1’s Third-Quarter Revenues Dip 13% To $956M As Ad Market Downturn Bites

German broadcasting powerhouse ProSiebenSat.1 Media has posted third quarter group revenues of €921M ($955.7M), a drop of 13%. Profits also fell from EUR162M in the same three months last year to €118M, and adjusted net income was €43M. In a “very challenging market environment,” the Unterföhring-based company noted its nine-month group revenues were “almost stable” at […]

from Deadline https://ift.tt/LAElxVt

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