ProSiebenSat.1 Media SE

M&A Activity • Jun 16, 2010

News Details

Ad-hoc | 16 June 2010 11:00

ProSiebenSat.1 Media AG: ProSiebenSat.1 Sells News Station N24 to Bidder Consortium around Torsten Rossmann and Stefan Aust

ProSiebenSat.1 Media AG / Disposal

16.06.2010 11:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Munich, June 16, 2010. ProSiebenSat.1 is selling news station N24 and
production company MAZ&MORE to a bidder consortium around N24 Managing
Director Dr. Torsten Rossmann and Stefan Aust. The company will be
Germany's largest independent TV information producer. It will be
headquartered in Berlin.

The share purchase agreement between ProSiebenSat.1 Media AG and the new
N24 Media GmbH for the acquisition of N24 Gesellschaft für Nachrichten und
Zeitgeschehen mbH and MAZ&MORE TV Produktion GmbH was signed today in
Munich. The parties also agreed on a contract for the supply of news
programming until the end of 2016, under which N24 will become the news
supplier for the ProSiebenSat.1 Group's stations SAT.1, ProSieben and kabel
eins. The parties expect the closing of the transaction to occur by the end
of July 2010.

The disposal of N24 will entail costs of up to EUR 41 million for the
ProSiebenSat.1 Group. Additionally up to EUR 12 million of write downs of
non-current assets are expected. These effects will be recognized as
non-recurring expenses in the income statement for the second quarter of
2010. On the whole, the ProSiebenSat.1 Group expects the transaction to
improve recurring EBITDA by at least EUR 25 million per year, starting in
2011. Accordingly, the disposal will have a positive effect on the Group's
recurring EBITDA already for 2010 on a pro rata basis after closing.

Julian Geist
Corporate Spokesman
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Phone +49 [89] 95 07-11 51
Fax +49 [89] 95 07-911 51
E-mail:
Julian.Geist@ProSiebenSat1.com

Katrin Schneider
Head of Communications / Corporate and Financial
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Phone +49 [89] 95 07-11 64
Fax +49 [89] 95 07-911 64
E-mail:
Katrin.Schneider @ProSiebenSat1.com

Press release online:
www.ProSiebenSat1.com

16.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: ProSiebenSat.1 Media AG
Medienallee 7
85774 Unterföhring
Deutschland
Phone: +49 (0)89 9507-1151
Fax: +49 (0)89 9507-1184
E-mail: julian.geist@ProSiebenSat1.com
Internet: www.prosiebensat1.com
ISIN: DE0007771172
WKN: 777117
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart

End of News DGAP News-Service

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