BERLIN — ProSiebenSat1’s plans to sell its production unit appear increasingly likely to move ahead after the exit of the division’s head, Frank Meissner.
Germany’s biggest broadcasting group is reportedly asking Euros 250 million ($343 million) for the unit, which employs a staff of 1,000 and produces in-house shows for the group.
Among the companies said to be interested in the production company are sports rights and entertainment group EM.Sport Media (formerly EM.TV), Red Bee Media (formerly BBC Broadcast), a subsidiary of Entertainment Australian investment group Macquarie, and Siemens.
Meissner, however, will remain with ProSiebenSat1 and move to news channel N24, where he will oversee production and technology. In addition, Meissner will also be responsible for sport production for the entire ProSiebenSat1 group.
Christian Wegner, who joined ProSiebenSat1 in 2004, will replace Meissner as head of ProSiebenSat1 Produktion. Wegener will continue to oversee creative solutions, broadcasting services, strategy and finances and manage the division with co-head Martin Emele, who is responsible for technology.