Kofler to exit post
BERLIN — TV group ProSieben Media has reported a 7% increase in sales to more than DM1 billion ($539 million) in the first half of 1999.
“This is the best first-half turnover we have ever posted,” ProSieben chairman Georg Kofler said.
The company’s pretax profit went up 15% to more than $97 million.
Kofler also announced he will be leaving the group at the end of next year to start his own business.
“I am proud that the ProSieben Group is among Germany’s top league of media companies,” Kofler said. “My time at ProSieben has taken up a significant part of my professional career.”
A desire to establish his own business was the only reason for his departure, Kofler added.
The company also unveiled its fare for the upcoming season. In addition to its 24-hour news channel, the group is offering more talkshows.
N24, ProSieben’s news and information channel, will go on the air in January with a focus on financial and headline news.
In addition, five new talk-style shows are scheduled, among them a comedy latenight show a la Conan O’Brien’s, two relationship shows and a travel program in which the host accompanies the guests on their journeys.
“The programming is oriented toward the interests, attitudes and trends of the younger population,” said Ludwig Bauer, ProSieben’s head of TV.