ProSiebenSat.1 Sees Earnings Nosedive 49% As TV Ad Market Continues To Falter

ProSiebenSat.1 Sees Earnings Nosedive 49% As TV Ad Market Continues To Falter

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Soon after announcing plans to cut 400 roles, European giant ProSiebenSat.1 Media has seen profits plunge 49% and revenues fall. The Germany-based broadcaster reported second quarter adjusted EBITDA of €79M ($86.2M), compared with the €155M posted in the same segment last year. Adjusted net income…

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