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Latest Satellite News Discussion, New ProSiebenSat.1 lowers 2008 outlook at General Satellite News forum; ProSiebenSat.1 lowers 2008 outlook By Robert Briel | September 24, 2008 | 17:39 UK The German ProSiebenSat.1 group has lowered ...

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New ProSiebenSat.1 lowers 2008 outlook - 25-September-2008, 01:00

ProSiebenSat.1 lowers 2008 outlook

By Robert Briel | September 24, 2008 | 17:39 UK


The German ProSiebenSat.1 group has lowered the financial outlook for the current year, downwards from 785 million to between 670 and 700 million. The broadcaster blames the downturn on the current economic climate and new advertising rules.
After a good start in July and August the turnover figures from September and early indications for October are showing that the German free-TV business will not be able to meet its expectations during the second half of 2008, the company said in a statement.
   
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