ProSiebenSat.1 Media SE : Surprise departure of CEO: what is the strategic message?
>A surprise departure - a prelude to a strategic pivot? - Pro7Sat1 announced yesterday the departure of Max Conze, CEO, with immediate effect. He will be replaced by Rainer Beaujean, the current CFO who will therefore assume both roles. The key point is the press release mentioned a greater focus on the entertainment (TV) business, without providing more details. A gradual disposal of the e-commerce assets could be a scenario. This strategy would be in line with that...ProSiebenSat.1 Media is a holding company engaged as a media corporations in Europe, with TV stations in Germany, Austria and Switzerland. Co.'s core business consists of free TV financed by advertising. Co. also owns an international production network along with digital and ventures portfolio. In addition, Co. is engaged as online seller of video content on the internet. Also, Co. is involved in the online games business and operates an e-commerce portfolio. Through its Red Arrow Entertainment Group, Co. produces international TV programs and sells them to TV stations worldwide. Co. has three segments: Broadcasting German-speaking, Digital & Adjacent and Content Production & Global Sales.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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