BERLIN (Reuters) -ProSiebenSat.1 Chief Executive Rainer Beaujean known as on shareholders to assist the group’s supervisory board at its annual normal assembly on Thursday, as top investor MediaForEurope (MFE) pressed for larger affect.
Previously generally known as Mediaset and managed by the household of former Italian Prime Minister Silvio Berlusconi, industrial broadcaster MFE stated it has constructed a stake of greater than 25% in ProSieben as a part of a European development technique and will affect voting within the case of low stakeholder presence.
It has repeatedly known as for ProSieben to have interaction with its drive to consolidate Europe’s broadcasting trade.
Bavaria-based ProSieben has thus far resisted, with Beaujean flagging on the AGM the group’s give attention to native content material to distinguish it from worldwide streaming suppliers.
“We know very nicely, for instance, that transnational platforms can work – however not often within the media enterprise,” Beaujean stated. “Consolidation looks as if a better method ahead, it isn’t the precise one, as there aren’t any related, transnational synergies.”
MFE criticised the supervisory board for a scarcity of transparency over its determination to reallocate three of its seats finally yr’s AGM, however finally determined to not problem the nominees with various candidates.
The Italians had additionally requested particular person choices on whether or not to endorse the manager and supervisory board members of ProSieben, which the German media group rejected.
Speaking to journalists on Thursday, Beaujean defended ProSieben’s determination to have the vote on the endorsement of the boards happen collectively, and reiterated that the corporate is robust sufficient for a future by itself two ft.
“If somebody comes up with an thought and may present us that we’re stronger collectively, we’ll hearken to it,” added Beaujean.
(Reporting by Klaus Lauer; Writing by Miranda Murray; Editing by Madeline Chambers and Jan Harvey)
