ProSieben plans Nick buy

BERLIN — Munich-based ProSieben Media AG is planning to buy a stake in kidvid web Nickelodeon GmbH & Co. KG, a German newspaper reported Saturday.

According to Welt am Sonntag, ProSieben Media, which encompasses third-place commercial web ProSieben and weblet Kabell, will purchase Ravensburger Film+TV GmbH’s 10% stake in Nickelodeon.

Whether Viacom will sell part of its 90% share in the web to ProSieben Media remains unclear. Dusseldorf-based Nickelodeon Germany has been on the air since 1995, but has yet to turn a profit.

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