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The leading investor in ProSiebenSat.1 said the German broadcaster was underperforming and should look to cash in on its digital and e-commerce businesses to focus more on TV and entertainment. "The situation in Germany is complicated due to a challenging economic environment . but the ProSiebenSat TV business is performing below the market," MFE-MediaForEurope CEO Pier Silvio Berlusconi told reporters at a press briefing on Wednesday. MFE, which began investing in Prosieben in 2019 and now holds a 29% stake in its German peer, has repeatedly said it considers its investment as strategic as part of its ambition to build a pan-European TV platform.

Cologno monzeseDavid evansPier silvio berlusconiElvira pollinaSilvio berlusconiItalian prime minister silvio berlusconiKeith weir