You will be redirected back to your article in seconds

EM.Sport issues profit warning

Name to change to Constantin Media

BERLIN — EM.Sport Media, whose largest shareholder is media mogul Leo Kirch, has posted a profit warning and said it would post a “considerable” loss this year.

The company, which is in the process of merging with subsidiary Highlight Communications and Constantin Film, declined to say exactly how big the loss would be, but said it had resulted from a writedown of between E120 million ($157 million) and $177 million linked to the devaluation of Highlight assets.

The company will publish its third-quarter figures on Nov. 27.

Meanwhile, EM.Sport, well on its way to merging with Highlight and Constantin, will change its name to Constantin Media.

EM.Sport has a 47% stake in Highlight, which in turn owns 98% of Constantin, Germany’s biggest indie producer-distrib. Kirch owns a 17% stake in EM.Sports.

The new conglom will focus on film and TV production, and distribution as well as sports rights.

EM.Sport controls sports channel DSF, sports production group Plazamedia and the Sport1 Internet site, while Highlight owns sports rights marketing company TEAM, which handles UEFA Champions League rights.

Company shares are trading at $2.34.

More TV

  • Jack Black Gus Van Sant movie

    ABC Developing Small Town Serial Killer Comedy With Jack Black Producing

    BERLIN — EM.Sport Media, whose largest shareholder is media mogul Leo Kirch, has posted a profit warning and said it would post a “considerable” loss this year. The company, which is in the process of merging with subsidiary Highlight Communications and Constantin Film, declined to say exactly how big the loss would be, but said […]

  • No Merchandising. Editorial Use Only. No

    High-End Italian TV Shows 'Django,' 'Devils' Set to Fly With Sky Italia (EXCLUSIVE)

    BERLIN — EM.Sport Media, whose largest shareholder is media mogul Leo Kirch, has posted a profit warning and said it would post a “considerable” loss this year. The company, which is in the process of merging with subsidiary Highlight Communications and Constantin Film, declined to say exactly how big the loss would be, but said […]

  • Roy Price Amazon Studios

    Roy Price Resigns From Amazon Studios

    BERLIN — EM.Sport Media, whose largest shareholder is media mogul Leo Kirch, has posted a profit warning and said it would post a “considerable” loss this year. The company, which is in the process of merging with subsidiary Highlight Communications and Constantin Film, declined to say exactly how big the loss would be, but said […]

  • Lena HeadeyHBO's 'Game Of Thrones' Season

    'Game of Thrones' Star Lena Headey Says Harvey Weinstein Sexually Harassed Her

    BERLIN — EM.Sport Media, whose largest shareholder is media mogul Leo Kirch, has posted a profit warning and said it would post a “considerable” loss this year. The company, which is in the process of merging with subsidiary Highlight Communications and Constantin Film, declined to say exactly how big the loss would be, but said […]

  • HBO Adds Foreign-Language Dramas to U.S.

    International Newswire: HBO Adds Foreign-Language Dramas to U.S. Service

    BERLIN — EM.Sport Media, whose largest shareholder is media mogul Leo Kirch, has posted a profit warning and said it would post a “considerable” loss this year. The company, which is in the process of merging with subsidiary Highlight Communications and Constantin Film, declined to say exactly how big the loss would be, but said […]

  • Bob Weinstein

    Bob Weinstein Accused of Sexual Harassment by TV Showrunner

    BERLIN — EM.Sport Media, whose largest shareholder is media mogul Leo Kirch, has posted a profit warning and said it would post a “considerable” loss this year. The company, which is in the process of merging with subsidiary Highlight Communications and Constantin Film, declined to say exactly how big the loss would be, but said […]

More From Our Brands

Access exclusive content